The Second Generation Theory (SGT) of fiscal federalism, which draws upon contemporary economic and industrial organization theory, hitherto focuses only on the negative benefits of public decentralization: the potentially superior ability to align perverse incentives vis-à-vis the centralized...

This paper analyzes how learning considerations may influence the pricing behavior of a duopoly facing demand uncertainty. We consider a symmetric duopoly game with product differentiation where firms have imperfect information about some parameters of the market demands. Firm learn about these...

Four-level response surface designs based on regular two-level fractional factorial designs were introduced by Edmondson (1991). Here, the methods are extended to include designs based on irregular two-level fractional factorials. These designs allow orthogonal blocking and require fewer...

This Paper examines the role of employment protection when firms learn over time about the value of the match. When parties can commit to future wages, equilibrium contracts stipulate positive severance payments as an instrument to induce efficient lay-off decisions and there is no room for...

This paper analyzes a stochastic model of evolution in normal form games. The long-run behavior of individuals in this model is investigated in the limit where mutation rates tend to zero, while the expected number of mutations, and hence population sizes, tend to infinity. It is shown that...

This paper studies a manager's attempt to maximize his firm's discounted expected profits by choosing what strategic actions to select and what performance measurement system to employ in a setting where the manager is uncertain about what variables ÜdriveÝ the firm's profits, the firm's...

Workplace agility is emerging as the highest priority for the providers of workplace services and infrastructure. ‘Agility’ means continuously improving work and the infrastructure that enables it. An agile workplace is one that is constantly transforming, adjusting and responding to...