Showing 1 - 9 of 9
We experimentally test the qualitatively different equilibrium predictions of two theoretical models of attack and defense of a weakest-link network of targets. In such a network, the attacker’s objective is to assault at least one target successfully and the defender’s objective is to...
Persistent link: https://www.econbiz.de/10015261744
The first essay examines the phenomenon of free riding and underinvestment in noncooperative entry deterrence in the Gilbert and Vives (1986) model with differentiated products. Our analysis proves that when both entry allowing and entry deterring equilibria coexist, underinvestment can occur in...
Persistent link: https://www.econbiz.de/10009430334
The first three essays examine whether strategic precommitment to advertising investment by an established firm can prevent a new firm from entering a homogeneous-product market under various assumptions. In Essay 1, I consider the question under the assumption that (1) advertisements contain...
Persistent link: https://www.econbiz.de/10009430543
The first essay examines Just-in-Time (JIT) manufacturing systems by incorporating the Economic Order Quantity (EOQ) model from operations research into a product market duopoly. We consider a two-stage game in which firms first simultaneously decide whether or not to invest in setup cost...
Persistent link: https://www.econbiz.de/10009430605
Contests are economic or social interactions in which two or more players expend costly resources in order to win prize(s). The resources expended by players determine their probability of winning a prize. This dissertation investigates theoretical and experimental applications of Contest theory...
Persistent link: https://www.econbiz.de/10009430753
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning...
Persistent link: https://www.econbiz.de/10015236932
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey...
Persistent link: https://www.econbiz.de/10015244890
This article analyzes tacit collusion in infinitely repeated multiunit uniform price auctions in a symmetric oligopolywith capacity-constrained firms.Under two popular definitions of the uniform price, when each firm sets a price-quantity pair, perfect collusion with equal sharing of profit is...
Persistent link: https://www.econbiz.de/10015230700
Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties are treated as viable outcomes has received little attention. Building on recent theoretical work, we experimentally examine an extension of the canonical two-player all-pay...
Persistent link: https://www.econbiz.de/10015249570