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Two hundred and four students of economics and finance participated in an intertemporal choice experiment which manipulated three dimensions in a 4 \times 4 \times 4 factorial design: scenario (postponing a receipt, postponing a payment, expediting a receipt, expediting a payment), time delay...
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In collaborating to compete, firms forge different types of strategic alliances: same-function alliances, parallel development of new products, and cross-functional alliances. A major challenge in the management of these alliances is how to control the resource commitment of partners to the...
Persistent link: https://www.econbiz.de/10005835332
A discrete time detection of change (DC) process is characterized by a state S<sub>0</sub> that at some stage t turns into state S<sub>1</sub>. Either of two decisions is made at each stage \tau : W--take another observation, or D--S<sub>1</sub> is the true state. In the former case, the result of each observation is a random...
Persistent link: https://www.econbiz.de/10009204188
Most common pool resource (CPR) dilemmas share two features: they evolve over time and they are managed under environmental uncertainties. We propose a stylized dynamic model that integrates these two dimensions. A distinguishing feature of our model is that the duration of the game is...
Persistent link: https://www.econbiz.de/10011155048
Whereas experimental studies of common pool resource (CPR) dilemmas are frequently terminated with collapse of the resource, there is considerable evidence in real-world settings that challenges this finding. To reconcile this difference, we propose a two-stage model that links appropriation of...
Persistent link: https://www.econbiz.de/10011220563
We study batch queueing systems with continuous time, finite commuter populations, single server, and endogenously determined arrival times. Symmetric equilibrium solutions in mixed strategies are constructed and subsequently tested in two experiments that examine two different batch queueing...
Persistent link: https://www.econbiz.de/10008868419
We study a problem of selling a fixed number of goods over a finite and known horizon. After presenting a procedure for computing optimal decision policies and some numerical results of a simple heuristic policy for the problem, we describe results from three experiments involving financially...
Persistent link: https://www.econbiz.de/10009218767