Showing 1 - 10 of 36,211
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …
Persistent link: https://www.econbiz.de/10013051379
Persistent link: https://www.econbiz.de/10010492079
We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience … from the learning by doing effect …
Persistent link: https://www.econbiz.de/10014194377
In dynamic promotion contests, where performance measurement is noisy and ordinal, selection can be improved by biasing later stages in favor of early leaders. Even in the worst-case scenario, where noise swamps ability differences in determining relative performance, optimal bias is i) strictly...
Persistent link: https://www.econbiz.de/10013362244
other ways to strengthen media competition − such as increased polarization and prevention of collusion − critically depends …
Persistent link: https://www.econbiz.de/10012030647
Using an online experiment with 5,762 US participants, we investigate whether individuals who seek competition face … beliefs and hence belief accuracy does not differ for men and women. Nevertheless, our findings point to social penalties that … competitive women may experience -- not for seeking competition itself (which is socially accepted), but because the behaviors …
Persistent link: https://www.econbiz.de/10015373892
not know about the information acquisition) or public (the opponent knows about the information acquisition) learning. We … show that a situation, when one player learns the type of the opponent privately while the opponent abstains from learning … cannot be an equilibrium. Yet, there exists an equilibrium, when one player engages in public learning and the other refrains …
Persistent link: https://www.econbiz.de/10014215268
model features both private learning about the market condition and market competition, which give rise to the first …
Persistent link: https://www.econbiz.de/10012908804
model features both private learning about the market condition and market competition, which give rise to the first …
Persistent link: https://www.econbiz.de/10011921916
becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt … their rivals while the possibility of learning make them cautiously wait for others to take action. This combination amounts … elusive link between static market competition and dynamic entry competition. …
Persistent link: https://www.econbiz.de/10012503468