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Sind landwirtschaftliche Unternehmer bei Zinssätzen zahlenblind? – Erste empirische Ergebnisse –

Musshoff, Oliver; Hirschauer, Norbert; Wassmuss, Harm - 2009

Landwirte wechseln oft nicht von ihrer Hausbank zu einer anderen Bank, auch wenn diese bessere Konditionen bietet. Diese „Wechselträgheit“ kann zum einen in den Transaktionskosten des Wechsels begründet sein. Zum anderen kann sie aber auch das Ergebnis begrenzt rationalen...

Persistent link: https://www.econbiz.de/10009446408

Learning to play best response in duopoly games

Wenzelburger, Jan - 2003

We consider a quantity-setting duopoly market where firms lack perfect knowledge of the market demand function. They use estimated and therefore misspecified demand functions instead and determine their optimal strategies from the corresponding subjective payoff functions. The central issue of...

Persistent link: https://www.econbiz.de/10009452463

An Experimental Study of Executive Decision-making with Implications for Decision Support

Ow, Terence T; Morris, James G - 2010

Past research in the field of information systems has explored factors and conditions that are relevant to decision-making in many contexts. However, very little is known about how executives consider, weigh, and integrate these factors. One current school of thought holds that intuition and...

Persistent link: https://www.econbiz.de/10009484511

ASYMMETRY IN RAW MILK SAFETY PERCEPTIONS AND INFORMATION: IMPLICATIONS FOR RISK IN FRESH PRODUCE MARKETING AND POLICY

Knutson, Ronald D.; Currier, Russell W.; Ribera, Luis; … - 2010

Scientific evidence clearly indicates that consumption of raw milk carries substantialdisease-inducing health risks. While federal U.S. policy mandates that milk moving in interstatecommerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption.Warning labels...

Persistent link: https://www.econbiz.de/10009442762

Price adjustments in a general model of state-dependent pricing

Costain, James S.; Nakov, Anton - 2008

In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price adjustments similar to that observed in microeconomic data, both for low and high inflation. Our setup is based on one fundamental assumption: price adjustment is more likely when it...

Persistent link: https://www.econbiz.de/10012530218

Pricing of Advertisements on the Internet

Balachander, Subramanian; Kannan, Karthik - 2006

Online advertisements are increasingly becoming an attractive channel for advertising. Pricing for online ads has evolved over time, and different auction-based policies are employed by website publishers to sell online ads. In this paper, we analyze, under different scenarios, the following...

Persistent link: https://www.econbiz.de/10009430343

Flexible Decision-Making in Sequential Auctions

Cai, Gangshu - 2005

Because sequential auctions have permeated society more than ever, it is desirable for participants to have the optimal strategies beforehand. However, finding closed-form solutions to various sequential auction games is challenging. Current literature provides some answers for specific cases...

Persistent link: https://www.econbiz.de/10009431203

Game Theoretic Approach to Supply Chain Management

Dai, Yue - 2003

theory to analyze the systems under both deterministic and general stochastic demand. We derive the existence and uniqueness …

Persistent link: https://www.econbiz.de/10009431209

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …

Persistent link: https://www.econbiz.de/10009432546

AN APPLICATION OF GAME THEORY: FUNDING INTERDEPENDENT MC and A UPGRADE DECISIONS

B. G. SCOTT - 2008

required to take into account the decisions of others, the process can be modeled as a game. Game theory has been previously be … the strategy of others. In this paper, the application of game theory in the context of MC&A upgrades is discussed …. By demonstrating the application of game theory to a nontraditional environment that may require MC&A upgrades, this work …

Persistent link: https://www.econbiz.de/10009435804