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This paper examines the conception of individuals as being of certain types in Harsanyi'stransformation of games of incomplete information into games of complete information. Itargues that while the conception of the individual in games of complete information offerspotential advances over the...
Persistent link: https://www.econbiz.de/10011334340
, contrary to theory, public signals are equally persuasive as private ones under strategic substitutes. Senders respond to this …
Persistent link: https://www.econbiz.de/10014335546
game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …We survey the economics of transboundary river water allocation, which emerged in the 1960s and has matured over the … attention to the strategic aspects of transboundary river water allocation. These strategic aspects are captured by employing …
Persistent link: https://www.econbiz.de/10010412473
property is the proportional allocation of nonseparable contribution (PANSC) value, which allocates the total worth …
Persistent link: https://www.econbiz.de/10012487903
Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...
Persistent link: https://www.econbiz.de/10011372971
Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting …
Persistent link: https://www.econbiz.de/10011378868
We examine the impact of airline codesharing on consumer choice behavior in non-stop international route markets. Using stated preference data, we document that consumer valuation of flights by alien foreign carriers is significantly higher if these flights are offered as codeshare products by...
Persistent link: https://www.econbiz.de/10011916498
Alger and Weibull (2013) ask the question whether a combination of assortative matching and incomplete information leads to the evolution of moral or altruistic preferences. Their central result states that Homo Hamiltonenis - a type that has moral preferences with a morality parameter equal to...
Persistent link: https://www.econbiz.de/10014261141
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