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Bulow and Levin’s (<CitationRef CitationID="CR3">2006</CitationRef>) “Matching and Price Competition” studies a matching model in which hospitals compete for interns by offering wages. We relax the assumption of symmetric linear costs and compare the pricing equilibrium that results to the firm-optimal competitive equilibrium. With...</citationref>
Persistent link: https://www.econbiz.de/10010993360
I consider competitions in which, conditional on winning or losing, the effort exerted by a competitor does not necessarily decrease his payoff. This happens, for example, in competitions for promotions in which workers are intrinsically motivated, and in research and development races in which...
Persistent link: https://www.econbiz.de/10010993377