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Structural Equilibrium Characterization in the 'Perpetual Race to Stay Ahead'
Metcalf, Christopher J. - 2009
I find new results for the `Perpetual Race' analyzed in Horner 2004. The 'Perpetual Race' is an infinite horizon stochastic state space game for which Markov Perfect equilibria are characterized. My results characterize equilibrium strategy structure in a previously unexplored parameter region...
Persistent link: https://www.econbiz.de/10014203934
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Gatekeeper Competition
Muller-Itten, Michele - 2020
I model access to influence as a two-sided matching market between a continuum of experts and two vertically differentiated gatekeepers under sequential directed search. Real-world examples include academic publishing, venture capital, job search or political agenda setting. The equilibrium is...
Persistent link: https://www.econbiz.de/10012852213
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Coordination, Competition for Attention, and Information Supply
Galperti, Simone - 2017
information suppliers compete for it. We examine how the dual role of information sources as learning and coordination devices …
Persistent link: https://www.econbiz.de/10012967731
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Informationsaustausch und trotzdem Wettbewerb? Unternehmensverhalten bei Nachfrageunsicherheit
Hornig, Stephan O. - 1999
Unternehmen müssen nicht immer Kollusionsabsichten verfolgen, wenn sie untereinander Informationen austauschen. Dieser Beitrag zeigt, daß bei Nachfrageunsicherheit auch strikt kompetitive Konkurrenten private Informationen bezüglich ihrer Nachfragebedingungen preisgeben. Dies läßt sich in...
Persistent link: https://www.econbiz.de/10010305090
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Tacit Collusion in Repeated Contests with Noise
Boudreau, James - 2015
We analyze the determinants of tacit collusion in an infinitely repeated contest with noise in the contest success function. Sustaining collusion via Nash reversion strategies is easier the more noise there is, and is more difficult the larger is the contest's prize value. An increase in the...
Persistent link: https://www.econbiz.de/10013019212
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Repeated contests with draws
Franke, Jörg; Metzger, Lars - 2023
We consider a simple contest game with draws where with some probability none of the contestants is selected as winner. If such an outcome occurs, then the contest is repeated in the next period unless either one of the contestants wins the prize or until a final last period is reached. Allowing...
Persistent link: https://www.econbiz.de/10014285495
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A Dynamic Game of Airline Network Competition : Hub-and-Spoke Networks and Entry Deterrence
Aguirregabiria, Victor - 2019
In a hub-and-spoke network, the profit function of an airline is supermodular with respect to the airline's own entry decisions for different city-pairs. This source of complementarity implies that a hub-and-spoke network can be an effective strategy for deterring the entry of competitors. This...
Persistent link: https://www.econbiz.de/10012902723
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The differential impact of friendship on cooperative and competitive coordination
Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2020
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption … has never been tested across two opposite poles of coordination involving either strategic complementarity or … substitutability. We had participants interact with friends or strangers in two classic coordination games: the stag hunt game, which …
Persistent link: https://www.econbiz.de/10012215990
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When ignorance can be bliss : organizational structure and coordination in electronic retailing
Liu, Dengpan; Tan, Yong; Mookerjee, Vijay S. - In: Information systems research : ISR 29 (2018) 1, pp. 70-83
Persistent link: https://www.econbiz.de/10011866149
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The dynamics of resource spending in a competition between political parties : general notes on the Red Queen effect
Coram, Alex Talbot (contributor) - 2008
dynamics of campaigning. The aim of this paper is to make up some of this gap. This is done using a differential game theory …
Persistent link: https://www.econbiz.de/10003733875