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Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …
Persistent link: https://www.econbiz.de/10012438170
Ethics has become professional imperative in public relations field, whereby unethical action is not any more considered as integral characteristic of public relations (PR) professionals, especially among scholars and practitioners. However, the question what if public relations professionals...
Persistent link: https://www.econbiz.de/10012227587
I show how irrational ideas and rumors can drive asset prices - not because anyone believes them, but because they are commonly known without being common knowledge. The phenomenon is driven by short-term market participants who are well-informed about the information that others have, and who...
Persistent link: https://www.econbiz.de/10012304729
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Open innovation is key for innovators responding to major problems in the world, including energy, healthcare, water and the environment, and bringing transitions in socio-technical systems near. This paper has a focus on university spin-off companies as a channel of market introduction of new...
Persistent link: https://www.econbiz.de/10011506186
Industrial competence is increasingly dispersed across the globe, urging technology-based firms in Europe to establish international knowledge relationships at larger distances. This paper examines changing patterns of international knowledge relationships and the influence of capability factors...
Persistent link: https://www.econbiz.de/10012490691
Many situations in the social and economic life are characterized by rivalry and conflict between two or more competing groups. Warfare, socio-political conflicts, political elections, lobbying, and R&D competitions are all examples of inter-group conflicts in which groups spend scarce and...
Persistent link: https://www.econbiz.de/10012419136
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...
Persistent link: https://www.econbiz.de/10012307876
Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290