Showing 1 - 10 of 445
We model a firm in an institutional market setting, consisting of a production technology and its governance. The governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the firm is determined by profit maximization under the...
Persistent link: https://www.econbiz.de/10011343293
Persistent link: https://www.econbiz.de/10014251831
This note suggests variations to the baseline Nash cooperative solution that take into account the Kalai-Smorodinsky critique. One the one hand, a CES form of the maximand is proven to accommodate both the generalized two-person Nash and the Kalai-Smorodinsky - as other proportional - solutions...
Persistent link: https://www.econbiz.de/10011512976
Persistent link: https://www.econbiz.de/10010517804
Persistent link: https://www.econbiz.de/10011289067
Persistent link: https://www.econbiz.de/10011289569
We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
Persistent link: https://www.econbiz.de/10011333896
Reciprocal cooperation can be studied in the Centipede game, in which two players alternate in choosing between a … investigated cooperation in four Centipede games differing in their payoffs at the game's end (positive versus zero) and payoff … high payoff inequality were found to reduce cooperation significantly. Contrary to previous predictions, combining these …
Persistent link: https://www.econbiz.de/10011316544
We study the effect of group size on cooperation in voluntary contribution mechanism games. As in previous experiments … find that cooperation is highest of all in twoperson groups. The findings in the high MPCR condition are consistent with … those from n-person prisoner's dilemma and oligopoly experiments that suggest it is more difficult to sustain cooperation in …
Persistent link: https://www.econbiz.de/10009772221
cooperation is best reply to itself. We give the condition for the existence of the Ostrom threshold in the Nederlander …-Prisoner's Dilemma Game. For high enough cost of failure, cooperation among rational egoists is sustained. The Ostrom threshold first …
Persistent link: https://www.econbiz.de/10009773105