This paper studies information collecting (IC) situations with the help of cooperative game theory. Relations are established between IC situations and IC games on one hand and information sharing (IS) situations and IS games on the other hand. Further, it is shown that IC games are convex...

This paper studies information collecting (IC) situations with the help of cooperative game theory. Relations are established between IC situations and IC games on one hand and information sharing (IS) situations and IS games on the other hand. Further, it is shown that IC games are convex...

For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs, and information on behavioral choices and determined the equilibria. We observed that the risk attitude of the participant failed to explain their choices between corrupt and...

En este artículo se busca construir las bases teóricas de aquello que explicaría el surgimiento de nuevas empresas y los procedimientos correspondientes en el mundo real, particularmente en el Brasil. Entre los fundamentos teóricos aparecen los factores objetivos, llamados así porque ellos...

In this millennium, managing turbulent economic environment has become an important task for the nation, whose essential and primary purpose is to obtain competitive advantage. The progress of developed countries contributed to the formation of the new economy, knowledge economy, innovation, new...

An adverse selection model of firm reputation is developed in which short-lived clients purchase services from firms operated by overlapping generations of agents. A firm's only asset is its name, or reputation, and trade of names is not observed by clients. As a result, names are traded in all...

This paper describes conditions under which one investment project dominates a second project in terms of net present value, irrespective of the choice of the discount rate. The resulting partial ordering of projects has certain similarities to stochastic dominance. However, the structure of the...