Showing 1 - 10 of 7,294
, with either a negative externality on a third participant, uncertainty about gains from cooperation, or both. Uncertainty … foster cooperation. If we combine both qualifications and do not control for beliefs, we only find an uncertainty effect. If …
Persistent link: https://www.econbiz.de/10010281843
This paper focuses both on the competition process and the firms liability in environmental protection and the … liability: they seek to minimize the technologies accident risk while the second one corresponds to a much more standard choice …. The players main preoccupation is about their market share even if they care about liability. Then, from a very simple …
Persistent link: https://www.econbiz.de/10011608595
In the environmental area, negotiated rulemaking, implementation, and compliance are proposed by their advocates as delivering two primary benefits: reduced rulemaking time and decreased litigation over a final agency rule. The experience to date, however, indicates that negotiated rulemaking...
Persistent link: https://www.econbiz.de/10011608405
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...
Persistent link: https://www.econbiz.de/10012099161
Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international … research efforts worldwide to reduce uncertainty about the environmental impact of emissions and the cost of reducing them … but also partial learning. Second, we test whether the conclusion also holds if there is uncertainty about abatement costs …
Persistent link: https://www.econbiz.de/10010272496
contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …
Persistent link: https://www.econbiz.de/10010275042
In bisherigen Untersuchungen der Auswirkungen aktienkursorientierter Management-Entlohnung auf den Preiswettbewerb wurden Nachfrageschwankungen nicht berücksichtigt. Der vorliegende Beitrag zeigt, dass Manager auch dann eine größere Kollusionsneigung besitzen als Eigentümer, wenn sich die...
Persistent link: https://www.econbiz.de/10010305014
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10011422157
attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian … uncertainty about opponents' actions and maximize individually their Choquet expected utility. Our Choquet expected utility model … allows for both an optimistic or pessimistic attitude towards uncertainty as well as ignorance to strategic dependencies. An …
Persistent link: https://www.econbiz.de/10010333763
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10010333999