Showing 1 - 10 of 43
Persistent link: https://www.econbiz.de/10002547601
When two or more agents compete for a bonus and the agents' productivity in each of several possible occurrences depends stochastically on (constant) effort, the number of times that are checked to assign the bonus affects the level of un-certainty in the selection process. Uncertainty, in turn,...
Persistent link: https://www.econbiz.de/10010263840
Theoretically and experimentally, we generalize the analysis of acquiring a company (Samuelson and Bazerman 1985) by allowing for competition of both, buyers and sellers. Naivety of both is related to the idea that higher prices exclude worse qualities. While competition of naive buyers...
Persistent link: https://www.econbiz.de/10010263850
We study interaction effects between intra-firm conflicts and interfirm competition on a duopolistic market with seller firms employing one or more agents and implementing tournament incentives. We show that inter-firm competition leads to higher incentive intensity, higher efforts and output...
Persistent link: https://www.econbiz.de/10010266674
Persistent link: https://www.econbiz.de/10000861808
Persistent link: https://www.econbiz.de/10000735936
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
Persistent link: https://www.econbiz.de/10003647956
Persistent link: https://www.econbiz.de/10003593188
Persistent link: https://www.econbiz.de/10003686679