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Licensing a new product: Fee vs. royalty licensing withunionized labor market
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2007
We show that, for licensing by an outside innovator in a Cournot oligopoly,royalty licensing can generate higher payoff to the innovator than the fixed-feelicensing and auction if the labor market is unionized...
Persistent link: https://www.econbiz.de/10005868601
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Reputation and Credit Market Formation:How Relational Incentives and LegalContract Enforcement Interact
Fehr, Ernst; Zehnder, Christian - Institut zur Zukunft der Arbeit <Bonn> - 2009
The evidence suggests that relational contracting and legal rules play an important role incredit markets but on the … relational incentives are a powerful causaldeterminant for the existence and performance of credit markets. In fact, in the … incentives and exacerbates another moral hazard problem incredit markets – the choice of inefficient high-risk projects.... …
Persistent link: https://www.econbiz.de/10009360624
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Firm growth: empirical analysis
Coad, Alexander; Hölzl, Werner - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2010
Recent research has led to the empirical regularity that rm growth rate distributionsare heavy tailed. This nding implies that a few rms experience spectaculargrowth rates and decline, but that most rms have marginal growth rates. The literatureon high growth rms shows that high growth rms are...
Persistent link: https://www.econbiz.de/10009022146
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Optimal ownership in joint ventures withcontributions of asymmetric partners
Marinucci, Marco - Center for Operations Research and Econometrics … - 2008
This paper faces two questions concerning Joint Ventures (JV) agreements. First, we studyhow the partners contribution affect the creation and the profit sharing of a JV when partners'effort is not observable. Then, we see whether such agreements are easier to enforce when thedecision on JV...
Persistent link: https://www.econbiz.de/10005868730
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Imitation - Theory and Experimental Evidence
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg - Alfred-Weber-Institut für Sozial- und … - 2005
experiment we test the different theories by systematicallyvarying information conditions. We fi…nd signi…ficant effects of …
Persistent link: https://www.econbiz.de/10005868466
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Moral Hazard and Bargaining Power
Demougin, Dominique; Helm, Carsten - 2003
We introduce bargaining power in a moral hazard framework whereparties are risk-neutral and the agent is ¯nancially … constrained. Weshow that the same contract emerges if the concept of bargaining poweris analyzed in either of the following three … Nash bargaining game …
Persistent link: https://www.econbiz.de/10005844235
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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 …
Persistent link: https://www.econbiz.de/10005845209
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Identifying Personality Traits that Enhance Trust between Organisations - An Experimental Approach
Fahr, René; Irlenbusch, B. - 2006
We investigate an experimental representatives' trust game which resembles trust relationships between representatives of organisations. Personality traits of subjects are elicited by a personality questionnaire (Cattell's 16 PF-R) which is well established in personnel psychology. Linking the...
Persistent link: https://www.econbiz.de/10005853919
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The α-Beauty Contest:Choosing Numbers, Thinkting Intervals
De Giorgi, Enrico; Reimann, Stefan - Institut für Schweizerisches Bankwesen <Zürich> - 2007
We present a model for the α-beauty contest that explains common patterns in ex-perimental data of one-shot and iterative games. The approach is based on two basic assumptions. First, players iteratively update their recent guesses. Second, players estimate intervals rather than exact numbers...
Persistent link: https://www.econbiz.de/10005858557
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Money and Reciprocity
Hens, Thorsten; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. Weshow that positive reciprocity stabilizes the monetary system, provided everyparticipant considers accepting money as a reasonable...
Persistent link: https://www.econbiz.de/10005858586