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bargaining games. The experiment results reveal that the existence of a strong player with veto power could delay the games …
Persistent link: https://www.econbiz.de/10011009848
considersthe case of arbitrary nondecreasing reward and penalty functions on the total expedition and delay, respectively …
Persistent link: https://www.econbiz.de/10011257261
Greater trial delay is commonly associated with decreasing demand for trials, thereby bringing about an equilibrium for … a given trial capacity. This note highlights that – in contrast to this premise – trial delay may in fact increase trial … effect of lawsuits. That trial demand may increase with longer delay makes multiple stable equilibria possible. This reality …
Persistent link: https://www.econbiz.de/10011261853
We analyse strategic experimentation in which information arrives through fully revealing, publicly observable “breakdowns.” With hidden actions, there exists a unique equilibrium that involves randomization over stopping times. This randomization induces belief disagreement on the...
Persistent link: https://www.econbiz.de/10011203001
involves an inefficient delay. As the commitment power of the principals decreases, this incentive becomes stronger. When …
Persistent link: https://www.econbiz.de/10008861885
We analyze a dynamic market for lemons in which the quality of the good is endogenously determined by the seller. Potential buyers sequentially submit offers to one seller. The seller can make an investment that determines the quality of the item at the beginning of the game, which is...
Persistent link: https://www.econbiz.de/10008871193
One of the striking aspects of recent sovereign debt restructurings is, conditional on default, delay length is … concerns together generate multi-period delay. The results from our analysis show that there is a correlation between delay …
Persistent link: https://www.econbiz.de/10008611058
with delay length. Second, the time required to experience the benefits of long-term strategies means the intermediate …
Persistent link: https://www.econbiz.de/10009209352
delays are anticipated, we find that project delay is primarily influenced by the magnitude of downstream rework and … downstream delay: the magnitude of both upstream and downstream rework significantly increases downstream delay, which … significantly increases project delay. However, the magnitude of upstream rework does not directly affect project delay. These …
Persistent link: https://www.econbiz.de/10009218447
suggests enforceable deadlines or threats toward low-quality agreements to reduce the delay problems. Furthermore, as another …
Persistent link: https://www.econbiz.de/10009363381