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This paper investigates empirically whether decision makers are forward looking in dynamic strategic interactions. In particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values and the ability of their immediate opponent into...
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Air and sea passenger transport were generally considered as serving different market segments with little competition … competition between the two modes. This article aims first to identify the circumstances under which air and sea transport compete …
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(2000) testing for endogenous competition among job seekers in a matching framework, is replicated with a richer and more … is augmented by endogenous strategic hiring behavior on the side of vacancyposting firms. Neglecting job competition, the … relevance of strategic hiring is shown using the same empirical strategy. At the same time, the test is shown to be invalid if …
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