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Certification as a Viable Quality Assurance Mechanism: Theory and Suggestive Evidence

Svitkova, Katarina; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2006

particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now. …

Persistent link: https://www.econbiz.de/10005357507

Prompted to Be Good: The Impact of Certification on the Quality of Charities

Svitkova, Katarina - Center for Economic Research and Graduate Education and … - 2007

In this study we model how certification affects managers’ choice of the quality of the nonprofit organizations they … charitable good, one donor, and a certification agency. We assume that the nature of the charitable good does not allow for …

Persistent link: https://www.econbiz.de/10005086643

The Economics of Transportation Network Growth

Zhang, Lei; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2006

A number of factors influence the efficiency, productivity, and welfare of a transportation network. Travel demand, user costs, and facility supply costs equilibrate on various time scales under a set of pricing (taxes and tolls), investment and ownership policies. Two types of equilibria exist...

Persistent link: https://www.econbiz.de/10005543316

Strategic Mismatches in Sequential Contracting: The Case of Professional Partnerships

Kräkel, Matthias - University of Bonn, Germany - 1999

Mismatches typically arise because of information problems in markets. This paper discusses the possibility of mismatching in partnerships focussing on strategic mismatches that cannot be explained by information problems. It is shown that due to market competition sometimes players can profit...

Persistent link: https://www.econbiz.de/10004968134

Cournot Competition between Teams: An Experimental Study

Raab, Philippe; Schipper, Burkhard C. - University of Bonn, Germany - 2004

In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of...

Persistent link: https://www.econbiz.de/10004968365

Submodularity and the Evolution of Walrasian Behavior

Schipper, Burkhard - University of Bonn, Germany - 2002

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common- Pool Resource games, Rent-Seeking...

Persistent link: https://www.econbiz.de/10004968379

Imitators and Optimizers in Cournot Oligopoly

Schipper, Burkhard - University of Bonn, Germany - 2002

We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of profit optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play myopic best response to the...

Persistent link: https://www.econbiz.de/10004968446

Exit Dynamics with Adjustment Costs

Golombek, Rolf; Raknerud, Arvid - Statistisk Sentralbyrå, Government of Norway - 2005

We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage in Bertrand (price) competition. Firms produce heterogeneous products, using labor,...

Persistent link: https://www.econbiz.de/10004980532

The Effect of Salvage Market on Strategic Technology Choice and Capacity Investment Decision of Firm under Demand Uncertainty

Kashefi, Mohammad Ali - Volkswirtschaftliche Fakultät, … - 2012

This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two firms that compete on the amount of output they produce under demand uncertainty. A game theoretic model applies such that in the first stage firms choose their production...

Persistent link: https://www.econbiz.de/10011257966

Solving payoff sets of perfect public equilibria: an example

Du, Chuang - Volkswirtschaftliche Fakultät, … - 2012

We study an example of infinitely repeated games in which symmetric duopolistic firms produce experience goods. After consuming the products, short-run consumers only observe imperfect public information about product quality. We characterize perfect public equilibrium payoff set E(δ) of firms...

Persistent link: https://www.econbiz.de/10011260559