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Reputation Concerns and Herd Behavior of Audit Committees - A Corporate Governance Problem

Schöndube-Pirchegger, Barbara; Schöndube, Jens Robert - Fakultät für Wirtschaftswissenschaft, … - 2009

This paper offers an explanation for audit committee failures within a corporate governance context. We consider a setting in which the management of a firm sets up financial statements that are possibly biased. These statements are reviewed/audited by an external auditor and by an audit...

Persistent link: https://www.econbiz.de/10008502494

Social Networks

de Marti, Joan; Zenou, Yves - Institutet för Näringslivsforskning (IFN) - 2009

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …We survey the literature on social networks by putting together the economics, sociological and physics … not explain why they emerge. On the contrary, the economics approach is very precise in explaining why networks emerge but …

Persistent link: https://www.econbiz.de/10008502564

Procedimento para análise de decisão quanto à prevenção de doenças em animais: uma aplicação da Teoria dos Jogos

Silveira, Luciana Torrezan; Burnquist, Heloisa Lee - In: Brazilian Journal of Rural Economy and Sociology (RESR) 47 (2009) 2

The basic hypothesis of this study is that producers do not realize, individually, the importance of adopting preventive measures, even aware of the economic risks for them and for the local economy, because outbreaks of some diseases are not frequent. Moreover, the presence of externalities...

Persistent link: https://www.econbiz.de/10008508859

Modelo Principal-Agente para contratos entre pequenos produtores e empresa exportadora de manga no Rio Grande do Norte

Sampaio, Luciano Menezes Bezerra - In: Brazilian Journal of Rural Economy and Sociology (RESR) 45 (2007) 4

Fruit production is an activity of great importance in the Brazilian commercial balance and even more in the Northeastern region. Intermediation is a regular practice in the fruit exporting market due to existence of requirements, such as quality certificates, and of internal problems in...

Persistent link: https://www.econbiz.de/10008508891

To Help or not to Help: The Samaritan's Dilemma Revisited

Schmidtchen, Dieter - Forschungsstelle zur ökonomischen Analyse des Rechts, … - 1999

Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...

Persistent link: https://www.econbiz.de/10008509600

Investigating the Role of a Transmission Initiator in Private Peering Arrangements

Davoyan, Ruzana; Altmann, Jorn - Technology Management, Economics and Policy Program … - 2010

This paper investigates the impact of determination of an original initiator of transmission on demand as well as profits of the providers. For that purpose we present a new model, called differentiated traffic-based interconnection agreement (DTIA) that differentiates traffic into two types,...

Persistent link: https://www.econbiz.de/10008511383

Separating the Hawks from the Doves: Evidence from Continuous Time Laboratory Games

Oprea, Ryan; Henwood, Keith; Friedman, Daniel - CESifo - 2010

Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...

Persistent link: https://www.econbiz.de/10008511594

Specific Investments and Ownership Structures in Railways – An Experimental Analysis

Ehrmann, Thomas; Hartwig, Karl-Hans; Marner, Torsten; … - Wirtschaftswissenschaftliche Fakultät, Westfälische … - 2009

We analyze the impact of different organizational structures on incentives to invest in railways: vertical integration, vertical separation, and a hybrid form. Economic theory predicts that vertical integration fosters socially optimal investment, whereas, due to potential hold-up problems, both...

Persistent link: https://www.econbiz.de/10008514716

A game-theoretic taxonomy of social dilemmas

Beckenkamp, Martin - In: Central European Journal of Operations Research 14 (2006) 3, pp. 337-353

Persistent link: https://www.econbiz.de/10008515748

DECISION MAKING ON STRATEGIC ENVIRONMENTAL TECHNOLOGY LICENSING: FIXED-FEE VERSUS ROYALTY LICENSING METHODS

CHANG, MING-CHUNG; HU, JIN-LI; TZENG, GWO-HSHIUNG - In: International Journal of Information Technology & … 08 (2009) 03, pp. 609-624

Because of a deterioration in the quality of the environment, this paper studies the effects of the environment and the economy on environmental technology licensing in a homogeneous Cournot duopoly model in order to reduce environmental pollution and hence improve social welfare. To this end,...

Persistent link: https://www.econbiz.de/10008517569