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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
theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are … applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to … competition policy and issues of the abuse of dominance. …
Persistent link: https://www.econbiz.de/10013520714
theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are … applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to … competition policy, and in particular to issues of abuse of dominance, which goes beyond the post-Chicago approach, and to analyse …
Persistent link: https://www.econbiz.de/10003400472
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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
Everyone remembers a plot where a disadvantaged individual facing the prospect of failure, spends more effort, turns around the game and wins unexpectedly. Most tournament theories, however, predict the opposite pattern and see the disadvantaged agent investing less effort. We show that 'turn...
Persistent link: https://www.econbiz.de/10011430528