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Tragedy of the commons and evolutionary games in social networks : the economics of social punishment
Marco, Jorge; Goetz, Renan - 2017
This study revisits the problem of the tragedy of the commons. Extracting agents participate in an evolutionary game in a complex social network and are subject to social pressure if they do not comply with the social norms. Social pressure depends on the dynamics of the resource, the network...
Persistent link: https://www.econbiz.de/10011672530
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Environmental options and technological innovation : an evolutionary game model
Antoci, Angelo; Borghesi, Simone; Galeotti, Marcello - 2009
This paper analyses the effects on economic agents' behaviour of an innovative environmental protection mechanism that the Public Administration of a tourist region may adopt to attract visitors while protecting the environment. On the one hand, the Public Administration sells to the tourists an...
Persistent link: https://www.econbiz.de/10008823899
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Horizontal mergers, involuntary unemployment, and welfare
Budzinski, Oliver; Budzinski, Jürgen-Peter - 2009
neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported … ; involuntary unemployment ; efficiency defense ; oligopoly ; competition …
Persistent link: https://www.econbiz.de/10003836388
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Implications of unprofitable horizontal mergers : a positive external effect does not suffice to clear a merger!
Budzinski, Oliver; Kretschmer, Jürgen-Peter - 2009
such a rule would cause a considerable amount of false positives. -- oligopoly theory ; horizontal merger policy …
Persistent link: https://www.econbiz.de/10003821593
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All-Pay auctions with negative prize externalities : theory and experimental evidence
Sacco, Dario; Schmutzler, Armin - 2008
overinvestment both relative to the mixed-strategy equilibrium and the social optimum. -- All-pay auctions ; oligopoly ; investment …
Persistent link: https://www.econbiz.de/10003892457
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Is there a U-shaped Relation between competition and Investment?
Sacco, Dario - 2008
We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U-shaped. We consider a two-stage game with cost-reducing investments followed by a linear differentiated Cournot duopoly. We first show that, except for firms that are much less...
Persistent link: https://www.econbiz.de/10003892459
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Patents versus subsidies : a laboratory experiment
Darai, Donja; Großer, Jens; Trhal, Nadja - 2009
treatments. Observed prices in the market stage converge to equilibrium price levels. -- R&D investment ; oligopoly ; patents …
Persistent link: https://www.econbiz.de/10003900895
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Spying in multi-market oligopolies
Billand, Pascal; Bravard, Christophe; Chakrabarti, Subhadip - 2010
welfare. -- Oligopoly ; Multimarket ; Networks …
Persistent link: https://www.econbiz.de/10008737102
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Competition and innovation : an experimental investigation
Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009 - Revised version
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...
Persistent link: https://www.econbiz.de/10003387554
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Information sharing networks in linear quadratic games
Currarini, Sergio; Feri, Francesco - 2013
We study the bilateral exchange of information in the context of linear quadratic games. An information structure is … study the equilibrium use of information in any given sharing network, finding that the extent to which a piece of … information is "public" affects the equilibrium use of it, in line with previous results in the literature. We then study the …
Persistent link: https://www.econbiz.de/10009756291