Similar Search Results

Optimal incentives without expected utility

Gonzalez Jimenez, Victor H. - 2022

This paper investigates the optimal design of incentives when agents distort probabilities. We show that the type of probability distortion displayed by the agent and its degree determine whether an incentivecompatible contract can be implemented, the strength of the incentives included in the...

Persistent link: https://www.econbiz.de/10013460007

Starting an R&D project under uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - 2010

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R …&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is … modelled as a lottery between a decrease and increase in the cost to continue R&D. We relate differences in uncertainty to …

Persistent link: https://www.econbiz.de/10011378299

Pros and cons of 'backing winnders' in innovation policy

Butter, Frank A. G. den; Jo, Seung-gyu - 2009

Persistent link: https://www.econbiz.de/10003813782

Search frictions, competing mechanisms and optimal market segmentation

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10011479787

Obvious mistakes in a strategically simple college admissions environment

Shorrer, Ran I.; Sóvágó, Sándor - 2017

In a centralized marketplace that was designed to be simple, we identify participants whose choices are dominated. Using administrative data from Hungary, we show that college applicants make obvious mistakes: they forgo the free opportunity to receive a tuition waiver worth thousands of...

Persistent link: https://www.econbiz.de/10011772987

Market knowledge : evidence from importers

Erbahar, Aksel - 2017

Previous firm-level literature established that there are substantial costs of entry into new export markets. Chaney (2014) opens the black-box of entry costs by building a dynamic network model of international trade where firms acquire customers in new destinations through their existing...

Persistent link: https://www.econbiz.de/10011587601