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This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
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competition games are initially conducted whereby students only choose prices. Then, student strategy space is relaxed to include … between Bertrand and Cournot models of competition. Additionally, it was perceived that a quick response to a radical change …
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square roots of population. Such a distribution should guarantee the same indirect voting power to each EU citizen, measured … by Penrose-Banzhaf index of voting power. In this paper we attempt to clarify this concept. -- Council of Ministers … ; indirect voting power ; Penrose-Banzhaf power index ; Shapley-Shubik power index ; square root rule ; simple voting game …
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