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Equilibrium selection in n-person static games with complete information
Silva, Rui - 2018
Persistent link: https://www.econbiz.de/10011882138
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Stakes Matter in Ultimatum Games
Andersen, Steffen; Ertaç, Seda; Gneezy, Uri; Hoffman, Moshe - 2011
The canonical bargaining game in economics is the ultimatum game, played by tens of thousands of students around the world over the past three decades. In the ultimatum game, first studied by Werner Guth, Rolf Schmittberger, and Bernd Schwarze (1982), the “proposer” proposes how to split a...
Persistent link: https://www.econbiz.de/10012142368
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Optimal Management of Evolving Hierarchies
Jens Leth, Hougaard; Juan D., Moreno-Ternero; Lars … - 2018
We study the optimal management of evolving hierarchies, which abound in real-life phenomena. An initiator invests into finding a subordinate, who will bring revenues to the joint venture and who will invest herself into finding another subordinate, and so on. The higher the individual...
Persistent link: https://www.econbiz.de/10012142392
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The Earnings Game with Behavioral Investors
Bachmann, Kremena; Hens, Thorsten - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper studies how the investors’ attitude towards earnings surprises affects the managers’ incentives to manipulate earnings in an intertemporal context, where the consensus forecast of the analysts is not exogenously given but determined by the strategic interaction between the analysts...
Persistent link: https://www.econbiz.de/10005858045
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On species preservation and non-cooperative exploiters
Grønbæk Kronbak, Lone (contributor);  … - 2008
Game-theoretic fisheries models typically consider cases where some players harvest a single common fish stock. It is, however, the case that these types of models do not capture many real world mixed fisheries, where species are biological independent or dependent. The present paper considers...
Persistent link: https://www.econbiz.de/10003777231
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Spying in multi-market oligopolies
Billand, Pascal; Bravard, Christophe; Chakrabarti, Subhadip - 2010
We consider a multimarket framework where a set of firms compete on two interrelated oligopolistic markets. Prior to competing in these markets, firms can spy on others in order to increase the quality of their product. We characterize the equilibrium espionage networks and networks that...
Persistent link: https://www.econbiz.de/10008737102
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Computational complexity in additive hedonic games
Dimitrov, Dinko; Sung, Shao Chin - 2008
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10008799165
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Optimal conservation policy under imperfect intergenerational altruism
Di Corato, Luca - 2011
In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society comprises a series of non-overlapping imperfectly altruistic generations each represented by its own government. Under uncertainty about future pay-offs we determine, as solution of an...
Persistent link: https://www.econbiz.de/10009380626
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Bargaining and delay in trading networks
Bedayo, Mikel; Mauleon, Ana; Vannetelbosch, Vincent J. - 2013
We study a model in which heterogeneous agents first form a trading network where link formation is costless. Then, a seller and a buyer are randomly selected among the agents to bargain through a chain of intermediaries. We determine both the trading path and the allocation of the surplus among...
Persistent link: https://www.econbiz.de/10009702239
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Bargaining to lose the global commons
Chichilnisky-Heal, Natasha; Chichilnisky, Graciela - 2015
organizations: the Bretton Woods Institutions (IMF, World Bank) and MNCs. This piece extends and generalizes "Bargaining to lose … institutions that better explain the dynamics of the global commons. We show that the permeable state complements other … solutions that Chichilnisky-Heal proposes, e.g. limiting the Bretton Woods’ Institutions’ ‘seat at the negotiation table’ of …
Persistent link: https://www.econbiz.de/10011438819