the start-up capital of the future. But what's the matter? What are the internet start-ups especially looking for in …

the start-up capital of the future. But what's the matter? What are the internet start-ups especially looking for in …

an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the … government, the incumbent is advantaged.If the government regulates the market with an auction on the price asked to consumers …, it depends who is advantaged. With complements, the incumbent is advantaged: it can set a lower price on the new …

We develop a model that captures the basic characteristics of competitively authoritarian regimes. An incumbent … this contest. Shirking is costly to the incumbent. The contestants offer the agent contingent pay-offs that determine the … compute Nash Equilibria for several interesting scenarios and find that equilibria can exist where the incumbent deliberately …

a political race against a known-quality incumbent or to wait for an open election. The model predicts that the entry … tendency of mid-quality candidates to stay out increases the ex-ante probability that the incumbent will win, suggesting an …

a political race against a known-quality incumbent or to wait for an open election. The model predicts that the entry … tendency of mid-quality candidates to stay out increases the ex-ante probability that the incumbent will win, suggesting an …

subnational authoritarianism? Is it possible to ensure incumbent electoral success only with manipulative electoral practices? To …

innovation game between one incumbent and a large number of entrants. In the first stage, firms compete to develop innovations of … entrants bid to be acquired by the incumbent. We assume that entrants cannot survive on their own, so being acquired amounts to … a prize in a contest. We identify an equilibrium in which the incumbent performs the least radical project. Entrants …