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Communication and Commitment with Constraints

Venkatesh, Raghul S - 2020

alliances between countries or firms. Lack of constraints improve credibility of communication and leads to more information …

Persistent link: https://www.econbiz.de/10012854618

Cognitive Empathy in Conflict Situations

Gauer, Florian - 2020

Two individuals are involved in a conflict situation in which preferences are ex-ante uncertain. While they eventually learn their own preferences, they have to pay a small cost if they want to secretly learn their opponent's preferences. We show that there is an interval with an upper bound...

Persistent link: https://www.econbiz.de/10012855785

One Approximation of the Real-World Corporate Financing Decisions

Liu, Zhun - 2020

This paper is the first attempt to reconcile the prospect theory and the contract theory in explaining the observed financing decisions. In a world of ambitious and aggressive economic agents, even the original equilibria under the presence of asymmetric information break down. When the...

Persistent link: https://www.econbiz.de/10012856337

Going Public or Going Private? Cheap-Talk Game with Interacting Decision-Makers

Wang, Yun - 2015

their actions. We compare public communication with private communication. In the latter environment, we find that the agent … under public communication. Moreover, we rank the agent's and the principals' welfare over the two types of communication … principals are better off under public communication. All players' ex-ante expected utilities under public communication weakly …

Persistent link: https://www.econbiz.de/10013020019

Alliance Formation in Contests with Incomplete Information

Metzger, Lars - 2015

This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game to join their forces and compete for a prize. We characterize the pure strategy equilibria of this game of incomplete information. We show that if the formation of an alliance is...

Persistent link: https://www.econbiz.de/10013025736

The Prioritization of Criminal Over Civil Counsel and the Discounted Danger of Private Power

Sabbeth, Kathryn A. - 2016

This Article seeks to make two contributions to the literature on the role of counsel. First, it brings together civil Gideon research and recent studies of collateral consequences. Like criminal convictions, civil judgments result in far-reaching collateral consequences, and these should be...

Persistent link: https://www.econbiz.de/10012984555

The Rise of NGO Activism

Daubanes, Julien - 2016

Activist NGOs increasingly oppose industrial projects that have nevertheless been approved by public regulators. To understand this recent rise in NGO activism, we develop a theory of optimal regulation in which a regulated industry seeks to undertake a project that may be harmful to society. On...

Persistent link: https://www.econbiz.de/10012989525

Citizens United : A Theoretical Evaluation

Prato, Carlo - 2016

Following the 2010 U.S. Supreme Court's decision on Citizens United v FEC, interest groups engaging in outside spending can receive unlimited contributions from unions and corporations. Critics of the decision have rejected the notion, espoused by the majority opinion, that outside spending does...

Persistent link: https://www.econbiz.de/10012989813

The Rise of NGO Activism

Daubanes, Julien - 2016

Persistent link: https://www.econbiz.de/10012994485

Turf Wars

Herrera, Helios - 2014

Turf wars commonly occur in environments where competition undermines collaboration. We develop a game theoretic model and experimental test of turf wars. The model explores how team production incentives ex post affect team formation decisions ex ante. In the game, one agent decides whether to...

Persistent link: https://www.econbiz.de/10013044424