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Aggregative Contests and Ex-post Heterogeneity: the Case of the UEFA Champions League
Grossmann, Martin; Hefti, Andreas; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2012
increased over the last decade. This paper develops a general contest model of a professional team sports league in which the …
Persistent link: https://www.econbiz.de/10010876543
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Why Qualifications at the Olympics?
Blavatskyy, Pavlo R. - 2004
The optimal contest architecture for symmetric imperfectly discriminating contests is shown to be generically the two-stage tournament (rather than the one-stage contest). In the first stage the contestants compete in several parallel divisions for the right to participate in the second stage....
Persistent link: https://www.econbiz.de/10014069376
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Why the Olympics Have Three Prizes and Not Just One
Blavatskyy, Pavlo R. - 2004
There are at least two reasons why multiple prizes can be optimal in symmetric imperfectly discriminating contests. First, the introduction of multiple prizes reduces the standard deviation of contestants' effort in asymmetric equilibria, when the majority of contestants actively participate in...
Persistent link: https://www.econbiz.de/10014070274
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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10008822475
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Strategic Exploitation of a Common Resource under Environmental Risk
Fesselmeyer, Eric - 2014
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the … renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect …
Persistent link: https://www.econbiz.de/10013070501
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Strategic Exploitation of a Common Resource Under Environmental Risk
Fesselmeyer, Eric; Santugini, Marc - 2014
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the … renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect …
Persistent link: https://www.econbiz.de/10014176447
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Price Competition Under Cost Uncertainty : A Laboratory Analysis
Abbink, Klaus; Brandts, Jordi - 2003
We study the relation between the number of firms and price-cost margins under price competition with uncertainty about competitors' costs. We present results of an experiment in which two, three and four identical firms repeatedly interact in this environment. In line with the theoretical...
Persistent link: https://www.econbiz.de/10014094478
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Strategic use of available capacity in the electricity spot market
Le Coq, Chloé (contributor) - 2002 - [Elektronische Ressource]
The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis sheds light on recent empirical findings that firms use...
Persistent link: https://www.econbiz.de/10001663587
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Providing efficient network access to green power generators : a long-term property rights perspective
Petropoulos, Georgios; Willems, Bert - 2016
Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...
Persistent link: https://www.econbiz.de/10011613836
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An Interative Procedure for Optimal Pollution Control under Incomplete Information
Querou, Nicolas - 2013
We consider a repeated regulation model in an oligopoly under asymmetric information with pollution. An iterative …
Persistent link: https://www.econbiz.de/10014202052