We consider the combined impact of agency problems and social fairness norms on venture capital/entrepreneur contracting and performance. Particularly, we develop a behavioural game-theoretic model in which a venture capitalist and an entrepreneur negotiate over their respective equity shares,...

We analyse a bargaining game in which two players (the internal stakeholder and the external party) bargain over the allocation of a fixed 'cake'. The internal stakeholder decides whether to bargain directly with the other player (involving Nash Bargaining). On the other hand, the internal...

Behavioural economists are increasingly understanding that humans are not completely self-interested or emotionless, but often exhibit “other-regarding” behaviour. We develop a game-theoretic approach in which players gain utility from their own material payoffs, but who also develop...

We develop a participation/ratification/transfer game-theoretic model representing an international environmental agreement, motivated by the recent COP26 Glasgow agreement attempting to eliminate deforestation activities. We consider the economic (including transfers from the developed nations)...

In this paper, we investigate the economic and behavioural factors affecting a firm’s optimal choices in the creation and management of its supply chain, and the resulting output in terms of economic value creation and social/ethical or environmental performance, defined as ‘public value’...

We develop a participation/ratification/transfer game-theoretic model representing an international environmental agreement. Motivated by the recent COP26 Glasgow agreement attempting to eliminate deforestation activities, we develop a model that analyses the economic and behavioural incentives...

We consider the motivations of a customer-facing focal firm in a supply network regarding a choice between options for production methods and project direction. One option is purely economic, but with a negative social impact, while the other is a socially responsible alternative that entails a...

In the one-shot version of the Prisoners' Dilemma (PD) game, individuals pursue mutually destructive strategies (they both defect). The repeated PD examines whether interactions over time can induce players to adopt cooperative strategies. Cooperation is possible in the infinitely repeated PD....