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every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal … can stop the contest in any period, (ii) a constant interim transfer is paid to agents in each period while the contest is … ongoing, and (iii) a final prize is paid once the principal stops the contest, is optimal for the principal and implements the …
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Against the backdrop of the ongoing war conflict between Russia and Ukraine, the article explores the needs, challenges …. The widespread uncertainty and instability within Ukraine due to the conflict compel researchers to seek novel avenues for …
Persistent link: https://www.econbiz.de/10014632525
In this paper we explore five recent cases of regulatory capture in Europe, and zoom in on a form of corporate penetration which is based on a strategic use of the image and legitimacy of science. We examine cases in which lobbyists present themselves as upholders science and of evidence-based...
Persistent link: https://www.econbiz.de/10013240405
The use of evidence and economic analysis in policymaking is on the rise, and accounting standard setting and financial regulation are no exception. This article discusses the promise of evidence-based policymaking in accounting and financial markets as well as the challenges and opportunities...
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contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are … as the incentive effect, the size effect, the discouragement effect and others are supported in the laboratory. In … addition, experimental studies examine various contest structures, including dynamic contests (such as multi-stage races, wars …
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game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and …
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