Similar Search Results

Entrepreneurial Innovations, Entrepreneurship Policy and Globalization

Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - 2009

use of the Doing Business database, we find, consistent with our theory, evidence that international openness reduces …

Persistent link: https://www.econbiz.de/10010320207

Make-or-buy Decisions and the Manipulability of Performance Measures

Andersson, Fredrik - 2009

The make-or-buy decision is analyzed in a simple framework combining contractual incompleteness with the existence of imperfect but contractible performance measures. Contractual incompleteness gives rise to two regimes, identified with make and buy. The performance measure on which...

Persistent link: https://www.econbiz.de/10010320222

A Continuous Theory of Income Insurance

Lindbeck, Assar; Persson, Mats - 2010

In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...

Persistent link: https://www.econbiz.de/10010320225

Acquisitions, Entry and Innovation in Network Industries

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2011

Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …

Persistent link: https://www.econbiz.de/10010320239

Democracy, Autocracy and the Likelihood of International Conflict

Tangerås, Thomas - 2008

This is a game-theoretic analysis of the link between regime type and international conflict. The democratic electorate can credibly punish the leader for bad conflict outcomes, whereas the autocratic selectorate cannot. For the fear of being thrown out of office, democratic leaders are (i) more...

Persistent link: https://www.econbiz.de/10010320243

A Trickle-Down Theory of Incentives with Applications to Privatization and Outsourcing

Andersson, Fredrik - 2009

independent management; the cost-saving incentives facing the management are, endogenously, weaker in the former case. Cost …-saving incentives trickle down to the agent, affecting the cost-saving/quality trade-off. It is shown that weak cost-saving incentives …

Persistent link: https://www.econbiz.de/10010320245

Game-theoretical, Strategic forward Contracting in the Electricity Market

Holmberg, Pär - 2008

Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...

Persistent link: https://www.econbiz.de/10010320246

Supply Function Equilibria of Pay-as-Bid Auctions

Holmberg, Pär - 2009

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...

Persistent link: https://www.econbiz.de/10010320254

Supply Function Equilibria: Step Functions and Continuous Representations

Holmberg, Pär; Newbery, David; Ralph, Daniel - 2009

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...

Persistent link: https://www.econbiz.de/10010320261

Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona; Lippert, Steffen; Norbäck, Peh; … - 2008

venture capitalists increases the incentives for entrepreneurial innovations. …

Persistent link: https://www.econbiz.de/10010320264