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This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
We analyse the relationship between the quality of a GP practice in England and the degree of competition that it faces … obtained from the national GP patient survey). The association between increased competition and higher quality is found for GP … rival GP practices provide a higher quality of care than that provided by GP practices that lack competitors. This higher …
Persistent link: https://www.econbiz.de/10008777387
, integral protection of the grape harvest, creating plantations - parent of clone of a high quality EU countries such as France …
Persistent link: https://www.econbiz.de/10011150755
We study how competition and corporate governance may explain investment decisions of Mexican manufacturing firms. We … ownership and control), and market competition may encourage investment decisions. Furthermore they suggest an inverse … relationship between market competition and agency costs. We believe that our findings support the hypothesis that competition may …
Persistent link: https://www.econbiz.de/10008804693
A model of the economic system with the property rights distributed among several agents is considered. The effect of property rights allocation on the economic efficiency of the management strategies is studied.
Persistent link: https://www.econbiz.de/10011260579
The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the weighting function by restricting the object of our analysis to a 2-player 2-strategy game, in order to derive some core results. We find that dominant and indifferent strategies...
Persistent link: https://www.econbiz.de/10011110809
The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...
Persistent link: https://www.econbiz.de/10011166059
This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...
Persistent link: https://www.econbiz.de/10005789359
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...
Persistent link: https://www.econbiz.de/10011257751
market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843