Showing 1 - 10 of 105
bargaining outcomes. It develops and tests Kuhn and Gu (1999) s model of learning in sequential wage negotiations, by means of …
Persistent link: https://www.econbiz.de/10005169010
We report experiments designed to test the theoretical possibility, first discovered by Shapley (1964), that in some … games learning fails to converge to any equilibrium, either in terms of marginal frequencies or of average play. Subjects … equilibrium of one game is predicted to be stable under learning, the other unstable, provided payoffs are sufficiently high. We …
Persistent link: https://www.econbiz.de/10005101118
be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to …
Persistent link: https://www.econbiz.de/10008833344
We show that whether observing technological choices made by competitors is possible or not has significant impacts on the equilibrium technological configurations. Depending upon the industry characteristics, the strategic value of technological flexibility may be either positive or negative,...
Persistent link: https://www.econbiz.de/10005100608
We study the links between observability and flexible technological choices in a duopolistic market. We show that, in large markets, the strategic value of flexibility is positive and observability of technological choices promotes the adoption of more flexible technologies whereas in small...
Persistent link: https://www.econbiz.de/10005100679
We study the development of a duopoly industry -evolution of firm capacities and competitive behavior- in a continuous …
Persistent link: https://www.econbiz.de/10005100881
We study the development of a duopoly in a continuous-time model of capacity investment under no commitment by firms …
Persistent link: https://www.econbiz.de/10005100992
experiment shows that emotional arousal, measured by Skin Conductance Responses, increases in the proportion of evaded taxes. The …
Persistent link: https://www.econbiz.de/10005100604
This paper deals with the underlying factors explaining the stylized fact that Japan invests significantly more in flexible manufacturing technologies than the United States and Europe. We show how technological flexibility choices and equilibrium (both simultaneous and sequential)...
Persistent link: https://www.econbiz.de/10005100829
We study a simple duopoly model of preemption with multiple investments and instantaneous Bertrand competition in a …
Persistent link: https://www.econbiz.de/10005100883