This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that determines the level of decay of each link. We address...

This paper develops an economic argument relating auctions to high market prices. At the core of the argument is the claim that market competition and bidding in an auction should be analyzed as part of one game, where the pricing strategies in the market subgame depend on the bidding strategies...

Zusammenfassung Angesichts der seit einigen Jahrzehnten zu beobachtenden Entwicklung der verstärkten Internationalisierung von Hotelunternehmen sieht sich das Management multinationaler Hotelgesellschaften zunehmend mit länderübergreifenden und interkulturellen Führungsaufgaben und...

Die europäische Wasserrahmenrichtlinie (WRRL) strebt das Erreichen guter Gewässerzustände an und verfolgt dabei einen Ansatz der integrierten Flussgebietsbewirtschaftung. Der Beitrag befasst sich mit den Problemen der Flussgebietsbewirtschaftung unter dem Aspekt der räumlichen und der...

This paper shows how distance may be used to coordinate on a unique equilibrium in which trade agreements are regional. Trade agreement formation is modeled as coalition formation. In a standard trade model with no distance between countries, a familiar problem of coordination failure arises...

I analyze coordination of Free/Open Source Software (F/OSS) projects. Costs of waiting for F/OSS program to be released are borne by all agents until enough modules have been produced. Trade-off between producing a F/OSS module and freeriding is analyzed as a game of war of attrition, in which...