Showing 1 - 10 of 563
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff distributions (possibly empty or consisting of a unique element) to every...
Persistent link: https://www.econbiz.de/10011338005
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that depend on the rank-order of her decision...
Persistent link: https://www.econbiz.de/10011378808
allows us to show how conflict and cooperation over transboundary water resources may occur. It also allows us to pay …
Persistent link: https://www.econbiz.de/10010412473
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls … campaigning expenditures by amplifying ex-ante asymmetries between candidates and thus defusing competition. When candidates care …
Persistent link: https://www.econbiz.de/10010224792
other ways to strengthen media competition − such as increased polarization and prevention of collusion − critically depends …
Persistent link: https://www.econbiz.de/10012030647
This paper develops a model of conflict resolution over scarce water in a trans-boundary river. In our model, we … along the river, they sequentially bargain over the surplus of water, or decide to engage in a military conflict with their … upstream neighbour. The probability of winning a military conflict is determined by a contest success function which depends on …
Persistent link: https://www.econbiz.de/10012195325
question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …
Persistent link: https://www.econbiz.de/10012167341
Persistent link: https://www.econbiz.de/10002200839
-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …
Persistent link: https://www.econbiz.de/10011379431
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer … imposes a (large) negative externality on incumbents. As a result, the ascending auction performs worse than the …
Persistent link: https://www.econbiz.de/10011342575