Showing 1 - 10 of 295
Zusammenfassung Im folgenden Überblick zur Geschichte der Spieltheorie stehen die unterschiedlichen Annahmen über die … Entwicklung der Spieltheorie begleiteten und zu dem führten, was viele als ihren Fortschritt ansehen. Die erste Stufe der … Entwicklung, die Klassische Spieltheorie, ist durch John von Neumanns und Oskar Morgensterns Werk „Game Theory and Economic …
Persistent link: https://www.econbiz.de/10014608902
Summary Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10014609461
Purpose – Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official corruption, the purpose of this paper is to examine whether formal sector productive (unproductive) entrepreneurial activity is associated with lower (higher) levels of...
Persistent link: https://www.econbiz.de/10014862444
Purpose – The purpose of this paper is to explore the “resource curse” problem as a counter-example of creative performance and innovation by examining reliance on capital and physical resources, showing the gap between expectations and ex-post actual performance that became clearer under...
Persistent link: https://www.econbiz.de/10014952953
einen Überblick vom Standpunkt der Spieltheorie her.  …
Persistent link: https://www.econbiz.de/10014608721
Zusammenfassung Durch den Vertrag von Amsterdam vom 2. Oktober 1997 wurde der acquis communautaire der Europäischen Union um ein Kapitel zur gemeinsamen Beschäftigungspolitik erweitert. Ihr Schwerpunkt liegt in der aktiven Arbeitsmarktpolitik. Die vorliegende Arbeit geht der Frage nach,...
Persistent link: https://www.econbiz.de/10014608735
Abstract Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable...
Persistent link: https://www.econbiz.de/10014630806
We study two-player all-pay contests in which there is a positive probability of a tied outcome. We show that the … the prize for winning. The implications of this result are twofold. First, in symmetric one-stage contests, the designer …-third of the prize for winning. Second, in multi-stage contests, the designer should not limit the number of stages (tie …
Persistent link: https://www.econbiz.de/10014589147
Abstract We study product market competition between firm owners (principals) where workers (agents) decide on their efforts and, hence, on output levels. Various worker compensation schemes are compared: a piece-rate compensation as a benchmark when workers’ output performance is verifiable,...
Persistent link: https://www.econbiz.de/10014619324
This paper studies experiments set in a corporate environment where a manager attempts to overcome a history of …
Persistent link: https://www.econbiz.de/10014587453