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becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt … elusive link between static market competition and dynamic entry competition. …
Persistent link: https://www.econbiz.de/10012503468
model features both private learning about the market condition and market competition, which give rise to the first …
Persistent link: https://www.econbiz.de/10011921916
becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt … elusive link between static market competition and dynamic entry competition …
Persistent link: https://www.econbiz.de/10013230912
In dynamic promotion contests, where performance measurement is noisy and ordinal, selection can be improved by biasing later stages in favor of early leaders. Even in the worst-case scenario, where noise swamps ability differences in determining relative performance, optimal bias is i) strictly...
Persistent link: https://www.econbiz.de/10013362244
We offer a model of experimentation and learning with uncertain outcomes, and show that competition leads to less …
Persistent link: https://www.econbiz.de/10012894249
Tacit coordination in large groups is studied in an iterated market entry game with complete information and multiple market capacities that are varied randomly from period to period. On each period, each player must decide independently whether to enter any of the markets, and if entering,...
Persistent link: https://www.econbiz.de/10014037618
unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …
Persistent link: https://www.econbiz.de/10010366185
Central banks' disclosures, such as forward guidance, have a weaker effect on the economy in reality than in theoretical models. The present paper contributes to understanding how people pay attention and react to various sources of information. In a beauty-contest with information acquisition,...
Persistent link: https://www.econbiz.de/10012846654
A choice prediction competition is organized that focuses on decisions from experience in market entry games (http …://sites.google.com/site/gpredcomp/ and http://www.mdpi.com/si/games/predict-behavior/). The competition is based on two experiments: An estimation experiment …, and a competition experiment. The two experiments use the same methods and subject pool, and examine games randomly …
Persistent link: https://www.econbiz.de/10009751378
Persistent link: https://www.econbiz.de/10001766574