Showing 381 - 390 of 434
Two laboratory experiments - one a statistical urn problem, the other a monetary policy experiment - were run to test the commonly-believed hypothesis that groups make decisions more slowly than individuals do. Surprisingly, this turns out not to be true there is no significant difference in...
Persistent link: https://www.econbiz.de/10012470828
Why would the US threaten punitive tariffs on luxury autos to implement a market share target in auto parts? We show that by making threats to a linked market, a market share may be implemented with fairly weak informa- tional and administrative requirements. Moreover, such policies can be both...
Persistent link: https://www.econbiz.de/10012473162
Persistent link: https://www.econbiz.de/10012346554
Persistent link: https://www.econbiz.de/10012118067
Persistent link: https://www.econbiz.de/10012422262
Persistent link: https://www.econbiz.de/10012226156
Persistent link: https://www.econbiz.de/10012510762
This paper examines the pricing of business risk by homogeneous auditors in a two period model. Incumbent auditors learn the client?s business risk type during the course of the engagement. They subsequently compete in prices with prospective auditors. In such an environment, we show that...
Persistent link: https://www.econbiz.de/10012785289
This classroom experiment introduces students to the concept of double marginalization, i.e., the exercise of market power at successive vertical layers in a supply chain. By taking on roles of firms, students determine how the mark-ups are set at each successive production stage. They learn...
Persistent link: https://www.econbiz.de/10012764636
We study vote buying by competing interest groups in a variety of electoral and contractual settings. While increasing the size of a voting body reduces its buyability in the absence of competition, we show that larger voting bodies may be more buyable than smaller voting bodies when interest...
Persistent link: https://www.econbiz.de/10012776261