We consider a two-player game of war of attrition under complete information. It is well- known that this class of games admits equilibria in pure, as well as mixed strategies, and much of the literature has focused on the latter. We show that if the players' payoffs whilst in “war” vary...

In the game of investment in the common good, the free rider problem can delay the stakeholders' actions in the form of a mixed strategy equilibrium. However, it has been recently shown that the mixed strategy equilibria of the stochastic war of attrition are destabilized by even the slightest...

We investigate the interplay between learning effects and externalities in the problem of competitive investments with uncertain returns. We examine a game theoretic duopoly investment model in which (i) a firm can learn about the profitability of the investment by observing the performance of...

Purpose: The purpose of this study is to explore the roles of tourists’ perceived destination social responsibility (DSR) in predicting destination trust and relationship continuity by utilizing multidimensional versus unidimensional construct of DSR. Design/methodology/approach: This study...

Recent studies in managerial accounting point out that the firms do not fully ratchet up the managers' future performance targets based on their past performance. This study offers a novel theoretical perspective on the firm's executive compensation strategy that supports such latest empirical...

In a majority of the existing research on entrepreneurship start-up, entry “cost”, “time”, and “procedures” were analyzed as the primary barriers against a greater rate of new business start-ups. We examine whether the country differences in the start-up barriers existing in 2003...

The purpose of this paper is to examine the transition of economic freedom indexes themselves among countries in the world instead of their economic effect. The three central questions of this study are: Do economic freedom sub-indexes converge? Do some sub-indexes of economic freedom display...

We examine the role of signaling and of intrinsic benefits in the adoption of the individual elements of the voluntary LEED (Leadership in Energy and Environmental Design) standards for green buildings. We use goodness-of-fit tests on data for all 442 LEED certified buildings and find that...

Problem Definition: Marijuana is increasingly gaining legal acceptance in the United States. From 1996 to 2016, 28 states and the District of Columbia legalized marijuana for medical use. At the same time, studies find that when individuals use marijuana, they can experience several negative...