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There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common … of one-shot oligopoly games is zero …
Persistent link: https://www.econbiz.de/10013000864
We examine whether financial analysts understand the effect of unionization on firm earnings in the U.S. by examining a large panel dataset with firm-level unionization, adoptions of right-to-work (RTW) laws, and union certification elections. We find that forecast errors for unionized firms in...
Persistent link: https://www.econbiz.de/10014353395
Persistent link: https://www.econbiz.de/10013441750
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...
Persistent link: https://www.econbiz.de/10009548648
react. Using tax policies as a leading example of foresight, simple theory makes transparent the economic behavior and …
Persistent link: https://www.econbiz.de/10013102255
This paper develops and compares two theories of strategic behavior of professional forecasters. The first theory …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10014184487
This paper develops and compares two theories of strategic behaviour of professional forecasters. The first theory …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10014122864
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...
Persistent link: https://www.econbiz.de/10010284018
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …
Persistent link: https://www.econbiz.de/10012979998