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The Economic Logic for Conditioning Bell Entry into Long Market Distance on the Prior Opening of Local Markets.
Schwartz, M. - Antitrust Division, Department of Justice - 2000
One of the most important and most contentious issues for regulation and competition raised by the 1996 Telecommunications Act is when to authorize the regional Bell companies to offer long-distance services. The Department of Justice (DOJ) adopted a standard requiring that a Bell's local market...
Persistent link: https://www.econbiz.de/10005625630
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Price-setting Power versus Private Information
Sloof, Randolph - Tinbergen Instituut - 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/10011255996
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Trust and Reciprocity in 2-node and 3-node Networks
Alessandra Cassar, ac; Mary Rigdon, mr - Volkswirtschaftliche Fakultät, … - 2008
In this paper we focus on the interaction between exogenous network structure and bargaining behavior in a laboratory … experiment. Our main question is how competition and cooperation interact in bargaining environments based on networked versions … of the investment game. We focus on 3-node networked markets and vary the network structure to model competition upstream …
Persistent link: https://www.econbiz.de/10005836924
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Price-setting Power versus Private Information
Sloof, Randolph - Tinbergen Institute - 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/10005137223
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An experimental test of career concerns
Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - Department of Economics, Royal Holloway University of London - 2004
Holmström’s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision...
Persistent link: https://www.econbiz.de/10005652694
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Efficient Contracting and Fair Play in a Simple Principal-Agent Experiment
Anderhub, Vital; Gaechter, Simon; Koenigstein, Manfred - Institut für Volkswirtschaftslehre, …
We study behavior within a simple principal--agent experiment. Our design allows for a large class of linear contracts. Principals can offer any feasible combination of (negative) fixed wages and incentives in the form of return sharing. This great contractual flexibility allows us to study...
Persistent link: https://www.econbiz.de/10005627819
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An Experimental Test of Career Concerns
Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - Institute for the Study of Labor (IZA) - 2004
Holmström’s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision...
Persistent link: https://www.econbiz.de/10005566605
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Efficient contracting and fair play in a simple principal-agent experiment
Anderhub, Vital; Gächter, Simon; Königstein, Manfred - Sonderforschungsbereich 373, Quantifikation und … - 1999
our experiments many contracts proposed by principals are 'incentive compatible' and most agents behave optimally given …
Persistent link: https://www.econbiz.de/10010983718
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Nash bargaining solution and the split of profit in bilateral monopoly of lignite opencast mine and power plant. Part two – applications in strategic and tactical negotiations
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power …
Persistent link: https://www.econbiz.de/10005260247
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Cena węgla brunatnego jako wyznacznik podziału zysku w układach kopalń i elektrowni. Część I – Propozycje podziału
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
Different structures of lignite mines and power stations, which have appeared on the Polish market as a result of its transformation and the privatisation, were discussed. The attention is focused on the fact that the practice is overtaking the theory because there is lack of models of...
Persistent link: https://www.econbiz.de/10005836050