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Persistent link: https://www.econbiz.de/10011864240
Standard models of collusion require that all firms are forward-looking and strategic. When one firm displays naive behavior—i.e., when it is myopic, memoryless, or non-strategic—typical collusive strategies cannot be supported in equilibrium. Motivated by the increasing adoption of...
Persistent link: https://www.econbiz.de/10014255442
This paper reviews the relatively small literature on sabotage in contests. It looks at both the formal game-theoretic literature and the empirical and experimental literatures. The treatment is intended to be intuitive with minimal use of technical jargon.
Persistent link: https://www.econbiz.de/10010192078
In this paper we deal with situations of collective contests between two groups over a private prize. A well known way to divide the prize within the winning group is the prize sharing rule introduced by Nitzan, 1991. Since its introduction it has become a standard in the collective contests...
Persistent link: https://www.econbiz.de/10012829843
Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rentseeking efforts often falls considerably short of the prize that is...
Persistent link: https://www.econbiz.de/10013132650
We consider a methodology for studying how beliefs shape platform competition, based on the notion of a partial … focality. The concept of focality is useful for modeling platform competition when the presence of network effects results in … competition between platforms that differ in their basic quality. The initial degree of focality affects the ability of the high …
Persistent link: https://www.econbiz.de/10012896384
The article focuses on the effects that type I errors can have on the incentives of firms to compete, collude or engage in efficiency promoting socially beneficial cooperation. Our results confirm that in the presence of type I errors the introduction of a leniency program can have ambiguous...
Persistent link: https://www.econbiz.de/10010465886
Persistent link: https://www.econbiz.de/10003831596
The video games industry has been subject to a number of significant transitions in its short history. The current transition, however, has the potential to restructure more fundamentally the technological, competitive and market dynamics with a growing share of revenues attributed to...
Persistent link: https://www.econbiz.de/10014140058
Reputation is clearly a growing area of research and practitioner interest. Models that assist in our understanding of research and that aid practitioners in managing reputation are to be encouraged. In this paper, a model of reputation formation is proposed and the notion of reputation in...
Persistent link: https://www.econbiz.de/10013063903