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Competition, timing of entry and welfare in a preemption game

Argenziano, Rossella; Schmidt-Dengler, Philipp - In: Economics letters 120 (2013) 3, pp. 509-512

Persistent link: https://www.econbiz.de/10010187238

Preemption with a second-mover advantage

Smirnov, Vladimir; Wait, Andrew - In: Games and economic behavior 129 (2021), pp. 294-309

Persistent link: https://www.econbiz.de/10012819883

Symmetric equilibrium strategies in game theoretic real option models with incomplete information

Delaney, Laura - In: Economics letters 174 (2019), pp. 42-47

Persistent link: https://www.econbiz.de/10012121011

Equilibria in Continuous Time Preemption Games with Markovian Payoffs

Thijssen, Jacco J.J. - Department of Economics and Related Studies, University …

existence of such preemption equilibria depends crucially on whether there is a coordination mechanism that allows for rent … possibility of such coordination improves social welfare and that the welfare loss due to preemption decreases in uncertainty. …

Persistent link: https://www.econbiz.de/10009293386

Labor Responses, Regulation and Business Churn

Aloi, Marta; Dixon, Huw D.; Savagar, Anthony - 2018

We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empirical results support our theory based on...

Persistent link: https://www.econbiz.de/10011932025

Firm entry, excess capacity and aggregate productivity

Savagar, Anthony; Dixon, Huw - 2017

Slow firm entry over the business cycle causes measured TFP to vary endogenously because incumbent firms bear shocks. Our main theorem states that imperfect competition and dynamic firm entry are necessary and sufficient conditions for these endogenous productivity fluctuations. The result...

Persistent link: https://www.econbiz.de/10011787166