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A strategic R&D investment with flexible development time in real option game analysis
Villani, Giovanni - 2009
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV … (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However …, most R&D investment projects are open to competing firms in the same industry or line of business, and so the strategic …
Persistent link: https://www.econbiz.de/10010266007
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Cross-racial envy and underinvestment in South Africa
Haile, Daniel; Sadrieh, Abdolkarim; Verbon, Harrie A. A. - 2006
Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa. The amount of socio-economic information available to the subjects about their counterparts is varied. No significant behavioural differences are observed, when no such...
Persistent link: https://www.econbiz.de/10010261410
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Attitudes towards Uncertainty and Randomization: An Experimental Study
Dominiak, Adam; Schnedler, Wendelin - 2010
Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10011422206
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Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries
Nam, Chang Woon; Radulescu, Doina Maria - In: CESifo DICE Report 01 (2003) 2, pp. 52-55
Persistent link: https://www.econbiz.de/10011696432
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Lorenz meets rating but misses valuation
Camacho Cuena, Eva; Seidl, Christian - 2005
Using an experiment with material incentives, this paper investigates the violation of Lorenz relations in the case of …
Persistent link: https://www.econbiz.de/10010296241
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Measuring "group cohesion" to reveal the power of social relationships in team production
Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2022
We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...
Persistent link: https://www.econbiz.de/10014480559
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Is there a U-shaped Relation between competition and Investment?
Sacco, Dario - 2008
We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium …
Persistent link: https://www.econbiz.de/10010315491
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All-Pay auctions with negative prize externalities: Theory and experimental evidence
Sacco, Dario; Schmutzler, Armin - 2008
on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment … the strategic situation of a two-stage game with investment preceding homogenous Bertrand competition. We obtain …
Persistent link: https://www.econbiz.de/10010315592
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Risk attitude, beliefs, and information in a corruption game: An experimental analysis
Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2012
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …
Persistent link: https://www.econbiz.de/10010291803
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Risk attitude, beliefs, and information in a corruption game: An experimental analysis
Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2010
For our experiment on corruption we designed a coordination game to model the influence of risk attitudes, beliefs, and …
Persistent link: https://www.econbiz.de/10010301733