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Screening, competition, and job design : economic origins of good jobs

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2009

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

Persistent link: https://www.econbiz.de/10003935665

Social preferences and competition

Schmidt, Klaus M. - 2009

There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments … (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if … hold when uncertainty is important (financial markets) or when incomplete contracts are traded (labor markets). Social …

Persistent link: https://www.econbiz.de/10003935667

Reference points in renegotiations : the role of contracts and competition

Bartling, Björn; Schmidt, Klaus M. - 2012

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

Persistent link: https://www.econbiz.de/10009571567

Signaling in auctions among competitors

Scarpatetti, Benedikt von; Wasser, Cédric - 2010

bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …

Persistent link: https://www.econbiz.de/10003935653

Consumer loss aversion and the intensity of competition

Karle, Heiko; Peitz, Martin - 2010 - Version: May 2, 2010, First Version: November 2009

Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...

Persistent link: https://www.econbiz.de/10003965100

Unique equilibrium in two-part tariff competition between two-sided platforms

Reisinger, Markus - 2010

Two-sided market models in which platforms compete via two-part tariffs, i.e. a subscription and a per-transaction fee, are often plagued by a continuum of equilibria. This paper augments existing models by allowing for heterogeneous rading behavior of agents on both sides. We show that this...

Persistent link: https://www.econbiz.de/10003950444

Information acquisition in conflicts

Morath, Florian; Münster, Johannes - 2010

This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...

Persistent link: https://www.econbiz.de/10003950481

Competitive careers as a way to mediocracy

Kräkel, Matthias - 2009

We show that incompetitive careers based on individual performance the least productive individuals may have the highest probabilities to be promoted to top positions. These individuals have the lowest fall-back positions and, hence, the highest incentives to succeed in career contests. This...

Persistent link: https://www.econbiz.de/10003909300

Identification and estimation of intra-firm and industry competition via ownership change

Michel, Christian - 2013

This paper proposes and empirically implements a framework for analyzing industry competition and the degree of joint …

Persistent link: https://www.econbiz.de/10010198515

Existence of a pure-strategy Bayesian Nash equilibrium in imperfectly discriminating contests

Wasser, Cédric - 2010

We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.

Persistent link: https://www.econbiz.de/10008822063