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The impact of uncertainty on investment : a meta-analysis

Koetse, Mark J.; Groot, Henri L. F. de; Florax, Raymond … - 2006

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Persistent link: https://www.econbiz.de/10011349194

Market power in bilateral oligopoly markets with nonexpandable infrastructures

Funaki, Yukihiko; Houba, Harold; Motchenkova, Evgenia - 2012

Persistent link: https://www.econbiz.de/10010190984

Market power in bilateral oligopoly markets with non-expandable infrastructures

Funaki, Yukihiko; Houba, Harold; Motchenkova, Evgenia - 2019 - This version: September 2019

. Buyers exclusively trade with the supplier with whom they achieve maximal bilateral joint welfare at prices equal to marginal …

Persistent link: https://www.econbiz.de/10012102999

Extreme equilibria in a general negotiation model

Houba, Harold; Wen, Quan - 2007

We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...

Persistent link: https://www.econbiz.de/10011372980

Preopening and equilibrium selection

Calcagno, Riccardo; Lovo, Stefano M. - 2010

We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...

Persistent link: https://www.econbiz.de/10011380033

Alternating offers in economic environments

Houba, Harold - 2005

The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...

Persistent link: https://www.econbiz.de/10011343949

Stochastic orders of proposing players in bargaining

Houba, Harold - 2005

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...

Persistent link: https://www.econbiz.de/10011343950

Perfect equilibria in a negotiation model with different time preferences

Houba, Harold; Wen, Quan - 2006

There has been a long debate on equilibrium characterization in the negotiation model when players have different time preferences. We show that players behave quite differently under different time preferences than under common time preferences. Conventional analysis in this literature relies...

Persistent link: https://www.econbiz.de/10011348702

Computing alternating offers and water prices in bilateral river basin management

Houba, Harold - 2006

This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral...

Persistent link: https://www.econbiz.de/10011349708

Costless delay in negotiations

Herings, Peter Jean-Jacques; Houba, Harold - 2015

We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...

Persistent link: https://www.econbiz.de/10010477115

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