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Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...
Persistent link: https://www.econbiz.de/10011374396
the efficiency of tourist site destinations. Using a dataset of 103 Italian regions for the year 2001, an economic … efficiency analysis based on a production frontier approach has been made in the present study. The study deploys a measure of … tourist site competitiveness in terms of its technical efficiency using parametric and non-parametric methods, a stochastic …
Persistent link: https://www.econbiz.de/10011349706
In this paper we investigate the impact of upper and middle level managers on firm performance by simultaneously estimating manager and match qualities for management pairings in Major League Baseball (MLB). We document the economic significance of managers at both organizational levels and...
Persistent link: https://www.econbiz.de/10011339152
This paper determines the structural shocks that shape a firm's first year by estimating a structural model of firm growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre-entry scale decisions accounts for about 40% of their...
Persistent link: https://www.econbiz.de/10011343305
uses two modelling approaches to estimate the competitiveness of these regions, viz. data envelopment analysis (DEA) and …
Persistent link: https://www.econbiz.de/10011349707
Persistent link: https://www.econbiz.de/10009720740
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Teams, in both firms and in sports, jointly produce a product. While a fixed task is assigned to each member of a team, the individual team productivity of a worker or player is difficult to conceptualize. This is particularly true, if this concept is aimed to be operable on observable data. In...
Persistent link: https://www.econbiz.de/10010224770
As a result of advances in ICT-services, transportation, and local development, among others, an increasing number of destinations is competing to attract both national and international visitors. Globalisation requires destinations to increase their competitiveness or risk losing out on tourist...
Persistent link: https://www.econbiz.de/10010224808