Showing 1 - 10 of 121
Persistent link: https://www.econbiz.de/10010987824
We consider a model of (spatial) voting with endogenous timing. In line with actual political campaigns, candidates can decide endogenously when and where to locate. More specifically, we analyze endogenous timing in a two-period n-candidate spatial-voting game. We show that this game possesses...
Persistent link: https://www.econbiz.de/10005764420
In this paper we examine the strategic savviness of the medieval church as portrayed in Richard Wagner's Tannhäuser. We show that the church employed an optimal randomization strategy based on arguments of dominance or trembling-hand perfection. Particular attention is paid to the employed...
Persistent link: https://www.econbiz.de/10005307466
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...
Persistent link: https://www.econbiz.de/10005241788
Persistent link: https://www.econbiz.de/10001724557
We consider a sequential two-party bargaining game with uncertain information transmission. When the first mover states her demand she does only know the probability with which the second mover will be informed about it. The informed second mover can either accept or reject the offer and payoffs...
Persistent link: https://www.econbiz.de/10005543005
Persistent link: https://www.econbiz.de/10005396142
We analyze the Spence education game in experimental markets. We compare a signaling and a screening variant, and we analyze the effect of increasing the number of competing employers from two to three. In all treatments, efficient workers invest more often in education and employers pay higher...
Persistent link: https://www.econbiz.de/10005409008
We analyze the incidence and welfare effects of unit sales tax increases in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of the tax burden to consumers, independent of whether buyers are...
Persistent link: https://www.econbiz.de/10010736719
We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011048224