Showing 21 - 30 of 124
We test the effect of the amount of information on the strategies played by others in the theoretically strategy …
Persistent link: https://www.econbiz.de/10010335854
, sharp, unexpected epidemic to examine the behavioural response of the general public to a sudden shift in the perceived risk …
Persistent link: https://www.econbiz.de/10011658360
This paper examines the role played by uncertainty and sunk costs on the timeseries fluctuations in industry structure as captured by the number of firms and establishments, and concentration. Using an extensive dataset covering 267 U.S. manufacturing industries over a 30-year period, our...
Persistent link: https://www.econbiz.de/10010278076
Merger activity is intense during economic booms and subdued during recessions. This paper provides a non-financial explanation for this observable pattern. We construct a model in which the target—by setting the takeover price—screens the acquirer on his (expected) ability to realize...
Persistent link: https://www.econbiz.de/10010278110
I study Cournot competition under incomplete information about demand while assuming that market price must be non-negative for all demand realizations. Although this assumption is very natural, it has only rarely been made in the earlier literature. Yet it has important economic consequences:...
Persistent link: https://www.econbiz.de/10010278127
unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the … natürliches Experiment um zu zeigen, wie kollektive Unsicherheit, die durch nationale Regierungspolitik induziert wird, das …
Persistent link: https://www.econbiz.de/10012263481
, giving rise to a riskincome paradox. We test this paradox by measuring the risk preferences of over 500 household heads …Risk aversion has generally been found to decrease in income or wealth. This may lead one to expect that poor countries … will be more risk averse than rich countries. Recent comparative findings with students, however, suggest the opposite …
Persistent link: https://www.econbiz.de/10010421088
of risk preferences under responsibility. In addition, we also find that responsibility reduces loss aversion according …
Persistent link: https://www.econbiz.de/10010471530
We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
Persistent link: https://www.econbiz.de/10010500562
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10010306996