Showing 1 - 5 of 5
In this paper, we analyze the interaction between an incumbent firm's financial contract with abank and its product market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a separating equilibrium with no limit pricing; thelow-cost...
Persistent link: https://www.econbiz.de/10010324775
We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …
Persistent link: https://www.econbiz.de/10010325256
Theoretical and empirical studies of consumer scheduling behavior usually ignore that consumers have more flexibility to adjust their schedule in the long run than in the short run. We are able to distinguish between long-run choices of travel routines and short-run choices of departure times...
Persistent link: https://www.econbiz.de/10010326326
supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …
Persistent link: https://www.econbiz.de/10010326404
We study the impact of audits on water conservation, distinguishing between the information and technological … ineffective. The information component of the water audit has a large initial impact, but this gradually fades to a drop in … consumption of 2% after 12 months. Technology appears to be more cost-effective than information provision and this can help in …
Persistent link: https://www.econbiz.de/10012605980