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Certification as a Viable Quality Assurance Mechanism : Theory and Suggestive Evidence
Svitkova, Katarina; Ortmann, Andreas - 2008
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/10014217191
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Competing for Customers in a Social Network
Dubey, Pradeep; Garg, Rahul; Meyer, Bernard De - Cowles Foundation for Research in Economics, Yale University - 2006
There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes of the product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...
Persistent link: https://www.econbiz.de/10005593259
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A Three-Stage Labour-Managed Cournot Duopoly with Lifetime Employment as a Strategic Commitment
Ohnishi, Kazuhiro - 2013
This paper studies the effectiveness of lifetime employment as a strategic commitment in a three-stage Cournot model with two identical labour-managed income-per-worker-maximizing firms. In the first stage, one labour-managed firm is allowed to offer lifetime employment. In the second stage, the...
Persistent link: https://www.econbiz.de/10013078300
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Information Acquisition and Welfare in Network Games
Leister, C. Matthew - 2020
This paper studies information acquisition and use in network games. The network structure incorporates both strategic complements (positive links) and substitutes (negative links). An information-use game played on a correlation-adjusted network is derived. Equilibrium inefficiencies in both...
Persistent link: https://www.econbiz.de/10012854885
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Price Wars in an X-Market Game
Selim, Tarek H. - 2020
In this paper, game theory is applied to the case of price wars in a market scenario game towards a converging solution of Nash equilibrium. This is done using the famous Bertrand Game, starting first with a simple version of a game involving two players with undifferentiated products who move...
Persistent link: https://www.econbiz.de/10012840887
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Standard-Creating Coalitions : Open vs. Proprietary Standards
Lukach, Ruslan - 2014
This paper studies the impact of entrepreneurial decisions regarding standard creation in an oligopolistic market with cooperative Ramp;D investments. Our game-theoretic analysis shows that if standards are open and only multi-standard equilibria are allowed, it is impossible to attain a stable...
Persistent link: https://www.econbiz.de/10012709204
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Optimal Taxation in a Common Resource Oligopoly Game
Bisceglia, Michele - 2018
In this paper, we investigate the optimal taxation policy in a differential oligopoly game where the competing firms share the access to a productive renewable resource. We show that, in a linear Feedback Nash Equilibrium of the game, a linear Markov tax, imposed on the output, and specified as...
Persistent link: https://www.econbiz.de/10012930240
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Voluntary bankruptcy as preemptive persuasion
Dinev, Nikolay - 2017
This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...
Persistent link: https://www.econbiz.de/10011779720
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Pre-play communication in Cournot competition : an experiment with students and managers
Waichman, Israel; Requate, Tilman; Siang, Ch’ng Kean - 2010
This study investigates the impact of pre-play communication on the outcomes in Cournot duopoly and triopoly experiments, using both students and managers as subjects. Communication is implemented by two different devices, a ‘standardized-communication’ and a free-communication device. We...
Persistent link: https://www.econbiz.de/10008696726
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Electives shopping, grading competition, and grading norms
Gregor, Martin - 2018
This paper analyzes grading competition between instructors of elective courses when students shop for high course scores, the instructors maximize class size, and the school imposes a ceiling on mean course scores to limit grade inflation. Under this grading norm, we demonstrate that curriculum...
Persistent link: https://www.econbiz.de/10011914839