Search Results - subject:"value of commitment"

How the value of information shapes the value of commitment or why the value of commitment does not vanish

Hörtnagl, Tanja; Kerschbamer, Rudolf - 2014

This paper challenges recent results on the fragility of the value of commitment. It introduces a specific notion of … sufficient for a positive value of commitment for the previouslymoving player. It then argues that the value of information for a … later-moving player is unlikely to vanish in real-world applications, implying that the value of commitment for the …

Persistent link: https://www.econbiz.de/10010397169

How the Value of Information Shapes the Value of Commitment Or: Why the Value of Commitment Does Not Vanish

Hörtnagl, Tanja; Kerschbamer, Rudolf - Institut für Finanzwissenschaft, Fakultät für … - 2014

Persistent link: https://www.econbiz.de/10010839589

How the value of information shapes the value of commitment or why the value of commitment does not vanish

Hörtnagl, Tanja; Kerschbamer, Rudolf - 2014

Persistent link: https://www.econbiz.de/10010237655

The fragility of commitment

Morgan, John; Várdy, Felix - In: Management science : journal of the Institute for … 59 (2013) 6, pp. 1344-1353

Persistent link: https://www.econbiz.de/10009777039

Is capital a collusion device?

Feuerstein, Switgard; Gersbach, Hans - In: Economic Theory 21 (2003) 1, pp. 133-154

We examine how irreversible capital reduces the possibility of a duopoly to sustain implicit collusion by grim strategies, when the product is homogenous and firms compete in quantities. Compared with the case of reversible capital, there are two countervailing effects: Deviation from an...

Persistent link: https://www.econbiz.de/10005753378