Showing 1 - 10 of 152
We study a society of agents where individual incentives conflict with collective ones and thus individual utility maximization leads to inefficient outcomes. We assume that there is no functioning central institution which can control individual behavior. Instead, we analyze a system of what we...
Persistent link: https://www.econbiz.de/10011091336
Purpose – Provide insight into the determinants or constructs that enable informally networked supply chains to operate in order to achieve improved operational performance. Design/methodology/approach – The research is based on a wide literature review, focused on the identification of...
Persistent link: https://www.econbiz.de/10011090946
which we have to deal with coupled black boxes.We de.ne three coordination methods: parallel simulation, sequential … product designs, coordination complexityand the use of prior information.Special attention is given to the throughput time … coordination methods.At the end of this paper we summarize the results and give recommendations on the choice of a suitable …
Persistent link: https://www.econbiz.de/10011091077
We report the results of a series of experimental Bertrand duopolies where firms have convex costs. Theoretically these duopolies are characterized by a multiplicity of Nash equilibria. Using a 2x2 design, we analyze price choices in symmetric and asymmetric markets under 2 information...
Persistent link: https://www.econbiz.de/10011091104
We report experimental results on exclusive dealing inspired by the literature on "naked exclusion". Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...
Persistent link: https://www.econbiz.de/10011091667
requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …
Persistent link: https://www.econbiz.de/10011092741
Persistent link: https://www.econbiz.de/10011091703
The objective of data mining is the extraction of knowledge from databases. In practice, one often encounters difficulties with models that are constructed purely by search, without incorporation of knowledge about the domain of application.In economic decision making such as credit loan...
Persistent link: https://www.econbiz.de/10011092627
Abstract I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates...
Persistent link: https://www.econbiz.de/10011092719
In this paper we study the endogenous formation of cooperation structures or communication graphs between players in a superadditive TU game. For each cooperation structure that is formed, the payoffs to the players are determined by an exogenously given solution. We model the process of...
Persistent link: https://www.econbiz.de/10011091161