Narrow search
Showing 1 - 10 of 155
Cover Image
Limited higher order beliefs and the welfare effects of public information
Cornand, Camille; Heinemann, Frank - In: Journal of Economic Studies 42 (2015) 6, pp. 1005-1028
the likely behavior of others. This may lead to welfare-reducing “overreactions” to public signals as shown by Morris and … public signals than theoretically predicted. The purpose of this paper is to reconsider the welfare effects of public signals … responding rationally, but they neglect that other players also account for others’ rationality. This paper analyzes the welfare …
Persistent link: https://www.econbiz.de/10014864452
Cover Image
Bedingungen der Innovationsfähigkeit kleiner professioneller Dienstleistungsunternehmen / Prerequisites for the innovativeness of small professional service firms
Scholl, Wolfgang - In: Arbeit 21 (2012) 2-3, pp. 118-131
Abstract Nachhaltige Innovationsfähigkeit wird nicht nur für Industrie-, sondern auch für Dienstleistungsfirmen zur Notwendigkeit des Uberlebens. Anhand einer Stichprobe von Steuerberatungskanzleien lasst sich aufzeigen, wie die nötigen Innovationen erfolgversprechend angegangen werden...
Persistent link: https://www.econbiz.de/10014586393
Cover Image
Are Experienced Managers Experts at Overcoming Coordination Failure?
Cooper, David J - In: The B.E. Journal of Economic Analysis & Policy 6 (2006) 2
coordination failure by employees using either financial incentives or communication. I compare the choices of subject managers … earnings in excess of $120,000. The EMBA subject managers are able to overcome a history of coordination failure significantly …
Persistent link: https://www.econbiz.de/10014587453
Cover Image
Auctions and Posted Prices in Directed Search Equilibrium
Julien, Benoit; Kennes, John; King, Ian Paul - In: Topics in Macroeconomics 1 (2001) 1
Abstract We compare equilibrium allocations in directed search models where prices are determined alternatively by posting and by competing auctions, with the following results. With finite numbers of players, sellers' expected payoffs are higher when all sellers auction than when all sellers...
Persistent link: https://www.econbiz.de/10014588341
Cover Image
Reinforcement Learning in Repeated Interaction Games
Bendor, Jonathan; Mookherjee, Dilip; Ray, Debraj - In: The B.E. Journal of Theoretical Economics 1 (2001) 1
of initial aspirations. Applications to games of coordination, cooperation, oligopoly, and electoral competition are …
Persistent link: https://www.econbiz.de/10014588979
Cover Image
Incentives and Coordination in Hierarchies
Mookherjee, Dilip; Reichelstein, Stefan - In: The B.E. Journal of Theoretical Economics 1 (2001) 1
. The coordination problem is overcome by conditioning output targets and payments on cost reports submitted by other … or coordination problems.  …
Persistent link: https://www.econbiz.de/10014588980
Cover Image
Faulty Communication: Some Variations on the Electronic Mail Game
Morris, Stephen E - In: The B.E. Journal of Theoretical Economics 1 (2002) 1
Abstract The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication can make coordinated action impossible. This paper shows how this conclusion is robust to having a more realistic timing structure of messages, more than two players...
Persistent link: https://www.econbiz.de/10014588983
Cover Image
A Simple Inducement Scheme to Overcome Adoption Externalities
Park, In-Uck - In: The B.E. Journal of Theoretical Economics 4 (2004) 1
Customers of network commodities face coordination problems due to adoption externalities that give rise to multiple …, Pareto-ranked equilibria. We investigate the extent to which the coordination problem can be resolved by inducement schemes …
Persistent link: https://www.econbiz.de/10014589023
Cover Image
One Welfare State for Europe: A Costly Utopia?
Hennessy, Peter; Warin, Thierry - In: Global Economy Journal 4 (2004) 2
This paper addresses the question of the social policy harmonization in the European Union. In adopting a common monetary policy, Europe is faced with structural and fiscal concerns, as national growth levels differ. Another possible factor in output shocks are the levels of various social...
Persistent link: https://www.econbiz.de/10014593083
Cover Image
Asian Reserves and the Dollar: Is Gradual Adjustment Possible?
Goyal, Ashima - In: Global Economy Journal 5 (2005) 3
Large dollar reserves in Asian EMEs accompany large U.S. fiscal and current account deficits. Analysis of strategic sales by Asian EMEs suggests that an attack on the dollar is not certain but is possible. A unique equilibrium where Asian EMEs sell their reserves does not exist but there are...
Persistent link: https://www.econbiz.de/10014593108