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Digging Deep to Compete : Vertical Integration, Product Market Competition and Prices

McGowan, Danny - 2015

economics theories, this effect stems from product market competition increasing industry supply and reducing market prices …

Persistent link: https://www.econbiz.de/10013014576

How Many Winners are Good to Have? On Tournaments with Sabotage

Harbring, Christine; Irlenbusch, Bernd - 2021

From an employer's perspective a tournament should induce agents to exert productive activities but refrain from destructive ones. We experimentally test the predictive power of a tournament model which suggests that - within a reasonable framework - productive and destructive activities are not...

Persistent link: https://www.econbiz.de/10013318235

Incentives in Tournaments with Endogenous Prize Selection

Harbring, Christine; Irlenbusch, Bernd - 2021

Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate agents to exert productive effort. Unfortunately, however, an agent may also be tempted to destroy the production of his competitors in order to improve the own relative position....

Persistent link: https://www.econbiz.de/10013318993

Competitive Hold-Up : Monopoly Prices Too High to Maximize Profits when Retailers or Complement Goods Are Perfectly Competitive

Rasmusen, Eric Bennett - 2017

monopolist by shifting in the retailer short-run supply curve. I call this inefficiently high price "competitive hold-up". A …

Persistent link: https://www.econbiz.de/10012965145

A Versatile Prism : Assessing Procurement Law Through the Principal-Agent Model

Yukins, Christopher R. - 2011

Over the past several decades, the federal procurement system in the United States has grown remarkably, and now totals over $500 billion annually. Over that same period, the rules governing federal procurement have been buffeted by broad efforts at reform. At no point, however, have we ever had...

Persistent link: https://www.econbiz.de/10014043915

Competitive balance and match attendance in European rugby union leagues

Hogan, Vincent; Massey, Patrick; Massey, Shane - 2012

The paper analyses the impact of the relatively belated move to professionalism in Rugby Union. We use data on match attendance for 3,667 fixtures in European club Rugby over 15 seasons to estimate the effect of competitive balance on attendance. We find that (short- and medium-term) competitive...

Persistent link: https://www.econbiz.de/10009733752

Analysing match attendance in the European Rugby Cup

Hogan, Vincent; Massey, Patrick; Massey, Shane - 2014

Using data from 1,226 matches played over 18 seasons, we analyse match attendances in the group stages of the European Rugby Cup (ERC). We find that short-run (match) uncertainty had little effect on attendances. This finding is significant as the ERC has been replaced by a new competition which...

Persistent link: https://www.econbiz.de/10010399298

Competitive balance : results of two natural experiments from Rugby Union ; [paper presented to the 6th Annual Conference of the European Sports Economics Association, University o...

Hogan, Vincent; Massey, Patrick; Massey, Shane - 2014

The paper presents results from two natural experiments on the impact of revenue sharing and salary caps on competitive balance in sports leagues arising from the introduction of professionalism in Rugby Union in 1995. The first involves the English Premiership, which traditionally applied a...

Persistent link: https://www.econbiz.de/10010401961

Supply function equilibria of pay-as-bid auctions

Holmberg, Pär - 2009

. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction. -- supply function equilibrium …

Persistent link: https://www.econbiz.de/10003809072

Supply function equilibria : step functions and continuous representations

Holmberg, Pär; Newbery, David M. G.; Ralph, Daniel - 2009

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … elegantly be modelled as the pure-strategy, Nash Equilibrium of continuous supply functions, in which each supplier has a unique … profit maximising choice of supply function given the choices of other suppliers. Critics argue that the discreteness and …

Persistent link: https://www.econbiz.de/10003809097