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Persistent link: https://www.econbiz.de/10009401810
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with...
Persistent link: https://www.econbiz.de/10010681117
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with...
Persistent link: https://www.econbiz.de/10010681701
We develop a North-South model of reciprocal antidumping (AD). We find that AD wars are winnable for the Northern firm …
Persistent link: https://www.econbiz.de/10008554221
In this paper, I examine whether and how warranties serve as signals of product quality in an environment where there are opportunities for consumer moral hazard. My model is very similar to Grossman's. A risk neutral monopolist produced a good of fixed and exogenous quality. This product is...
Persistent link: https://www.econbiz.de/10005463971
This paper revisits the signalling literature of the interactions between terrorist organisations and governments. It … argues that the theoretical literature to date, and particularly the signalling literature, builds models from the very … realm of terrorist threats. By inverting the nature of the signalling, flipping it from a violent act to a peaceful one …
Persistent link: https://www.econbiz.de/10010840251
With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.
Persistent link: https://www.econbiz.de/10005752795
We study the signalling strategy of a principal who is privately informed about its high demand potential to an … signalling cost, the magnitude of distortion in the two-part scheme is smaller when service is unobservable than when it is not …. Thus, a signalling strategy employing the fixed and variable fees is harder to detect under moral hazard. Empirical studies …
Persistent link: https://www.econbiz.de/10009197518
<Para ID="Par1">US universities are leading the way in technology commercialization and licensing. This paper discusses the practice of licensing at the US universities, as well as the main directions and tasks of technology commercialization and licensing at the University of Maryland. Universities and...</para>
Persistent link: https://www.econbiz.de/10011240866
We demonstrate to decision makers how to optimally make costly strategic pre-investment R&D decisions in the presence of spillover effects in an option pricing framework with analytic tractability. Decisions are modeled as impulse-type controls with random outcome. Two firms face two decisions...
Persistent link: https://www.econbiz.de/10010580782