Narrow search
Showing 1 - 10 of 232
Cover Image
Unit vs. Ad Valorem Taxes in Multi-Product CournotOligopoly
Lapan, Harvey E.; Hennessy, David A. - Iowa State University of Science and Technology <Ames, … - 2007
The welfare dominance of ad valorem taxes over unit taxes in a single-market Cournot oligopoly is well-known. This … article extends the analysis to multi-market oligopoly. Provided all ad valorem taxes are positive, unit costs are constant … in determining the extent of cost efficiencies arising under ad valorem taxation. The issue of merger under oligopoly is …
Persistent link: https://www.econbiz.de/10009360830
Cover Image
Attitudes toward Private and Collective Risksin Individual and Strategic Choice Situations
Brennan, Geoffrey; González Morales, Luis G.; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
Idiosyncratic risk attitudes are usually assumed to be commonly knownand restricted to own payos. However, the alternatives faced by a decisionmaker often involve risks for others' payos as well. Motivated by theimportance of other-regarding preferences in social interactions, this paperexplores...
Persistent link: https://www.econbiz.de/10005866833
Cover Image
COURNOT Vs STACKELBERG EQUILIBRIA WITH APUBLIC ENTERPRISE AND INTERNATIONALCOMPETITION
Cornes, Richard; Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2003
This paper examines the validity of alternative assumptions aboutpublic enterprise strategies in the presence of both domestic and internationalcompetition. It extends the quantity-setting game to apreplay stage and endogenizes the firms’ order of moves to show thati) Cournot competition is...
Persistent link: https://www.econbiz.de/10005868901
Cover Image
Noisy leadership: An experimental approach
Güth, Werner; Müller, Wieland; Spiegel, Yossi - Max-Planck-Institut zur Erforschung von … - 2002
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders' actions or else observe nothing. (...)
Persistent link: https://www.econbiz.de/10005845209
Cover Image
Quasirenten, Prüferwechsel und rationale Adressaten
Stefani, Ulrike - 1999
In der Literatur zur Abschlußprüfung ist ein negativer Effekt eines ökonomischen Vorteils aus der wiederholten Mandatsannahme, der aufgrund von Transaktionskosten entsteht, auf die Unabhängigkeit des Abschlußprüfers diskutiert worden. Anders als die bisher vorgestellten Ansätze wird im...
Persistent link: https://www.econbiz.de/10005840363
Cover Image
Patents, Research Exemption, and the Incentive forSequential Innovation
Moschini, Giancarlo; Yerokhin, Oleg - Iowa State University of Science and Technology <Ames, … - 2006
We develop a dynamic duopoly model of R&D competition to improve the quality of a finalgood. The innovation process is sequential and cumulative, and takes place alongside productionin an infinite-horizon setting. In this context we study the R&D incentive impacts resultingfrom a “research...
Persistent link: https://www.econbiz.de/10009360858
Cover Image
Optimal Choice of Monetary Instruments in anEconomy with Real and Liquidity Shocks
Bhattacharya, Joydeep; Singh, Rajesh Kumar - Iowa State University of Science and Technology <Ames, … - 2005
Faced with real and nominal shocks, what should a benevolent central bankdo, …x the money growth rate or target the inflation rate? In this paper, wemake a …rst attempt at studying the optimal choice of monetary policy in-struments in a micro-founded model of money. Speci…cally, we produce...
Persistent link: https://www.econbiz.de/10009360889
Cover Image
The Effect of Bargaining Power on Fixed Price ITOutsourcing Decisions
Fridgen, Gilbert Stefan; Krapp, Michael; Müller, Hanna-Vera - Universität <Augsburg> / Lehrstuhl für … - 2010
Successful IT outsourcing is usually for the benefit of both parties: theoutsourcing client and the service provider. With a fixed price contract, the clienttries to lower project risks and costs by transferring parts of a project to theservice provider at a previously negotiated price. In this...
Persistent link: https://www.econbiz.de/10009418875
Cover Image
Fear of Crashes and Over-Reaction to Bad Shocks
Cujean, Julien; Hasler, Michael - National Centre of Competence in Research - Financial … - 2011
Our purpose is to show how large difference of beliefs induced by fear of crashesis amenable to large and persistent price responses to contemporaneous shocks. Weconstruct a pure exchange economy populated by two agents who estimate strictlydifferent models regarding the fundamental. In...
Persistent link: https://www.econbiz.de/10009486814
Cover Image
Variance Risk, Financial Intermediation, and the Cross-Section of Expected Option Returns
Schürhoff, Norman; Ziegler, Alexandre - National Centre of Competence in Research - Financial … - 2011
We explore the pricing of variance risk by decomposing stocks' total variance into systematicand idiosyncratic return variances. While systematic variance risk exhibits a negative priceof risk, common shocks to the variances of idiosyncratic returns carry a large positive riskpremium. This...
Persistent link: https://www.econbiz.de/10009486815