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Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2000

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....

Persistent link: https://www.econbiz.de/10010324483

Contests with Rank-Order Spillovers

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

Persistent link: https://www.econbiz.de/10010325768

Showing Off or Laying Low? The Economics of Psych-outs

Denter, Philipp; Morgan, John; Sisak, Dana D. - 2018

We study situations where a new entrant with privately known talent competes with an incumbent whose talent is common knowledge. Competition takes the form of a rank-order tournament. Prior to the competition, the newbie can "show off," i.e., send a talent revealing costly signal. We find that...

Persistent link: https://www.econbiz.de/10011932312

Agreeing on public goods or bads

Ansink, Erik; Weikard, Hans-Peter - 2023

literatures on public goods and contests. …

Persistent link: https://www.econbiz.de/10014469702

Firm-Specific Information and Explicit Collusion in Experimental Oligopolies

Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015

to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …

Persistent link: https://www.econbiz.de/10011288400

Bargaining in the Presence of Condorcet Cycles: The Role of Asymmetries

Kamm, Aaron; Houba, Harold - 2015

This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...

Persistent link: https://www.econbiz.de/10011288420

An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies

Riedl, Arno; van Winden, Frans - 2000

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10010324476

Imitation and Belief Learning in an Oligopoly Experiment

Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997

We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the …

Persistent link: https://www.econbiz.de/10010324581

Cooperation in an Overlapping Generations Experiment

Offerman, Theo; Verbon, Jan PottersHarry A.A.; Verbon, … - 1999

Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...

Persistent link: https://www.econbiz.de/10010324617

Tax Liability Side Equivalence in Gift-Exchange Labor Markets

Riedl, Arno; Tyran, Jean-Robert - 2003

Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...

Persistent link: https://www.econbiz.de/10010324733