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output milk-processing market. However, the abuse of oligopoly market power is not large on average, despite the fact that we … (about 10 %) with considerably high oligopoly market power. …
Persistent link: https://www.econbiz.de/10013172078
As it is widely believed that the behaviour of large Japanese companies is different from that of their British counterparts, hypothesises that the directors in both countries may have different financial incentives. The research estimates the determinants of executive compensation, using the...
Persistent link: https://www.econbiz.de/10010377534
different market structures (monopoly, oligopoly with competitive fringe, oligopoly (Cournot) and perfect competition) on the …
Persistent link: https://www.econbiz.de/10014494507
Persistent link: https://www.econbiz.de/10011695703
Within the area of Behavioral game theory, we focus on a specific context, namely, on a game we called the Alternative …
Persistent link: https://www.econbiz.de/10011538730
We analyse the effects of predation in a vertical differentiation model, where the high-quality incumbent is able to price discriminate while the low-quality entrant sets a uniform price. The incumbent may act as a predator, that is, it may price below its marginal costs on a subset of consumers...
Persistent link: https://www.econbiz.de/10010298817
. As a practical example, the professional competition between fund managers is considered. To explore how different … evolutionary model is developed. Using a simple genetic algorithm, two attributes of virtual fund managers evolve: the share of … does not necessarily select managers with efficient portfolios. These results underline the institutional need for the …
Persistent link: https://www.econbiz.de/10010309602
In a real effort experiment with repeated competition we find striking differences in how the work effort of men and women responds to previous wins and losses. For women, losing per se is detrimental to productivity, but for men, a loss impacts negatively on productivity only when the prize at...
Persistent link: https://www.econbiz.de/10011599659
I develop a model of collaboration between tournament participants in which agents collaborate in pairs, and an … coordination; they value collaboration with others and higher tournament rankings. I use von Neumann-Morgenstern stable sets as a …
Persistent link: https://www.econbiz.de/10012010052
In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...
Persistent link: https://www.econbiz.de/10013189045