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contracts), thanks to the threat of sanctions affecting the defaulting party, imposed by direct counterparts in the relationship … survey of the models proposed in the literature. Self-enforcing contracts are viewed as Nash equilibria of repeated games … sustained by termination-type and boycotting strategies. The prevailing enforcement mechanism depends on: the information …
Persistent link: https://www.econbiz.de/10008506942
loan with the highest NPV. The reason should be a considerable lack of information about the usage of APR: participants … considering effects of information availability. …
Persistent link: https://www.econbiz.de/10009652919
of lignite price. The opportunism due to asymmetry of information and possession of dominant strategy of mine … integrated energy producer offering equal access to information for both sides. As it was shown in [4] such solution does not …
Persistent link: https://www.econbiz.de/10005260247
The aim of this paper is to interpret the relationships between information networks and the armed conflict in Colombia … paramilitaries were preparing each slaughter counting information previously learned between the inhabitants of the town. For these … reasons, it is shown that information is a key phenomenon to understand civil wars. Moreover, as demonstrated in this work is …
Persistent link: https://www.econbiz.de/10009372512
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10009372562
This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...
Persistent link: https://www.econbiz.de/10005835952
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10008541485
(sunk costs), different access to information (asymmetric information), cooperation or rivalry, possibility of opportunistic …
Persistent link: https://www.econbiz.de/10005621675
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248
information). The recent evolution of emerging gangs and their expansion into areas that were paramilitary camps requires …
Persistent link: https://www.econbiz.de/10009132735