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Competition and incentives
Schmidt, Klaus M.; Fey, Lisa Magdalena; Thoma, Carmen - 2017 - This version: April 27, 2017
We report on two experiments that identify non-monetary incentive effects of competition. As the number of competitors …-monetary incentive effects of competition going in the opposite direction. In the experiments we change the number of competitors … comparisons as one potential mechanism for this effect. It shows that competition turns the effort decisions of competing managers …
Persistent link: https://www.econbiz.de/10011697511
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Competition in search markets with naive consumers
Gamp, Tobias; Krähmer, Daniel - 2022
We study the interplay between quality provision and consumer search in a search market where firms may design products of inferior quality to promote them to naive consumers who fail to fully understand product characteristics. We derive an equilibrium in which both superior and inferior...
Persistent link: https://www.econbiz.de/10014476771
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A folk theorem for dynamic games
Gaitsgory, Vladimir A.; Nitsan, Shemuʾel - 1993
Persistent link: https://www.econbiz.de/10000885128
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Competition, consumerism, and the "Other" : a philosophical investigation into the ethics of economic competition
Arnsperger, Christian - 1996
Persistent link: https://www.econbiz.de/10000942838
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Contraintes de débouchés, capacités de production et chômage dans un modèle macroéconomique avec concurrence imparfaite
Sneessens, Henri R. - 1991
Persistent link: https://www.econbiz.de/10000852330
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Market failure vs. system failure as a rationale for EU regional policy? : a critique from an evolutionary economic perspective
Schmidt, Peter - 2015 - Draft
This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this...
Persistent link: https://www.econbiz.de/10011479448
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The economics of debt clearing mechanisms
Börner, Lars; Hatfield, John William - 2010
We examine the evolution of decentralized clearinghouse mechanisms from the 13th to the 18th century; in particular, we explore the clearing of non- or limitedtradable debts like bills of exchange. We construct a theoretical model of these clearinghouse mechanisms, similar to the models in the...
Persistent link: https://www.econbiz.de/10008796265
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Evolutionary determinants of war
Konrad, Kai A.; Morath, Florian - 2013
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...
Persistent link: https://www.econbiz.de/10009744560
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The evolutionary stability of moral objections to free riding
Güth, Werner; Nitsan, Shemuʾel - 1995
Persistent link: https://www.econbiz.de/10000931728
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Complexity : a review of the classics
Furtado, Bernardo Alves; Sakowski, Patrícia Alessandra … - 2015
This text was written as part of the project Modelling of Complex Systems for Public Policy. It reviews the classical authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the original writings of these authors, the text discusses...
Persistent link: https://www.econbiz.de/10012057058