This paper analyzes a tug-of-war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and effort effectiveness. Whichever team arrives first at a given lead in terms of...

This paper analyzes a tug of war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and effort effectiveness. Whichever team arrives first at a given lead in terms of...

Die hohen Inflationsraten als Konsequenz der Energiepreiskrise, die mit dem russischenAngriffskrieg auf die Ukraine begonnen hat, waren nicht nur für private Verbraucher, sondernauch für Unternehmen deutlich spürbar. Für das Hochkostenland Deutschland sind weitereKostensteigerungen im...

For centuries, European history was characterized by a fundamental asymmetry. While interpolity relations on the continent were often relatively balanced—without any dominant power being able to permanently establish a hierarchical relationship to the other major powers—the relations between...

Die hohen Inflationsraten als Konsequenz der Energiepreiskrise, die mit dem russischenAngriffskrieg auf die Ukraine begonnen hat, waren nicht nur für private Verbraucher, sondernauch für Unternehmen deutlich spürbar. Für das Hochkostenland Deutschland sind weitereKostensteigerungen im...

Dieser Beitrag behandelt Begriff, Ursachen, Wirkungen sowie Bewertung und mögliche Ausgleichsmaßnahmen gestörter Vertragsparität. Dabei wird auf die ökonomische Verhandlungstheorie und die Theorie der Wettbewerbsmärkte zurückgegriffen. Es werden in der Rechtswissenschaft vorfindbare...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

Anticompetitive mergers benefit competitors more than the merging firms. We show that such externalities reduce firms' incentives to merge (a holdup mechanism). Firms delay merger proposals, thereby foregoing valuable profits and hoping other firms will merge instead - a war of attrition. The...

We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...