In many countries, an expired labor contract is automatically extended during the often protracted delay before the new … contract is signed. Our theoretical model focuses on macroeconomic factors in explaining the delay. It emphasizes the … model. Thus, nominal uncertainty is found to increase the delay, and real uncertainty to decrease the delay, but less in the …

. A characterization of the equilibrium is given in terms of the probability of delay as a function of the degree of …

factors are shown to cause delay, although for different reasons. Without commitment, individual contributions are strategic …

Why is there delay in contests? In this paper we follow and extend the line of reasoning of Carl von Clausewitz to … explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the …

stationary subgame perfect equilibria in generic games is presented. Equilibria with delay exist only for strong positive …

considersthe case of arbitrary nondecreasing reward and penalty functions on the total expedition and delay, respectively …

On the basis of literature on delay discounting, potential mechanisms of relations between self-control and altruism …

equilibrium exists independently of the number of players, and the delay in this equilibrium is increasing in the number of … sufficiently large. The expected inefficiency due to delay at the least and at the most efficient equilibrium increases as the … number of players increases. Under any (super)majority rule, however, there is no equilibrium with delay or inefficiency. The …