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Ansink, Erik; Weikard, Hans-Peter - 2023

literatures on public goods and contests. …

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

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

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

Can Communication Mitigate Strategic Delays in Investment Timing?

Mermer, Ayse Gül; Onderstal, Sander; Sonnemans, Joep - 2022

In economic environments, decision-makers may strategically delay irreversible investments to learn from the actions of others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in investment timings. Players choose when to invest in a...

Persistent link: https://www.econbiz.de/10013427592

A Wind Tunnel Test of Wind Farm Auctions

Li, Xinyu; Haan, Marco; Onderstal, Sander; Veldman, Jasper - 2023

Globally, governments increasingly rely on auctions to advance renewable energy. This paper studies the design of wind farm auctions and evaluates the impact of price guarantees and subsidies on auction efficiency, government revenue, and renewable-energy production. While the theoretical...

Persistent link: https://www.econbiz.de/10014469337

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

Simple and Complex Gift Exchange in the Laboratory

van der Heijden, Eline C.M.; Nelissen, Jan H.M.; … - 2001

We examine an experimental gift exchange game in which the players can improve upon theunique no-gifts equilibrium through cooperative gift giving. The main feature of the study is thatthere are two different types of gift exchange, which we call simple and complex exchange,respectively. Complex...

Persistent link: https://www.econbiz.de/10010324744

Should the Same Side of the Market always move first in a Transaction? An Experimental Study

van der Heijden, Eline C.M.; Nelissen, Jan H.M.; … - 2001

This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...

Persistent link: https://www.econbiz.de/10010324922

Price-setting Power versus Private Information

Sloof, Randolph - 2003

This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...

Persistent link: https://www.econbiz.de/10010325012