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We consider the case of an upstream seller who works to improve an asset that has been specialized to a downstream buyer's needs. The buyer then makes a take it or leave it offer to the seller about how the future surplus should be split. We assume that the seller from the outset has private...
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We investigate whether incentive schemes signal social norms and thus affect behavior beyond their direct economic consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions of other agents and thus have more information...
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reduces the incentives to exert effort in R&D activities. Then, drawing on the signaling role of patents highlighted by the …
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in a signaling-extended prisoner's dilemma. We identify a new type of evolutionary equilibrium - a transitional … behavior, preferences, and signaling. We thereby offer an explanation for persistent regularities observed in laboratory and … signaling costs between 'conditional cooperators' and 'opportunists.' Indeed, and quite surprisingly, a transitional equilibrium …
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' later signaling their private information to rivals. Due to signaling, equilibrium prices are distorted, and so while firms …, compared with firms that do not attempt to manipulate rivals' beliefs, signaling firms acquire less precise information. An …
Persistent link: https://www.econbiz.de/10011548620
for cooperation to be part of an asymptotically stable equilibrium of an evolutionary dynamics of signaling norm … internalization, behavior and norm adoption. These conditions put the signaling costs of norm-adopters and non-adopters, the strength …
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