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Purpose – The purpose of this paper is to examine the tournament hypothesis in the UK mutual fund market. Based on a …, using the entire 1989‐2003 sample period no consistent evidence for tournament behaviour is found. This is robust to the … interesting pattern. During the first part of the sample period, 1989‐1996, significant evidence for tournament behaviour is found …
Persistent link: https://www.econbiz.de/10014940016
Purpose – The main purpose of this paper is to provide an analytical conceptual framework to help business marketers to identify the effect of consumer's online purchase cost on a firm's performance in a dual‐channel competitive market. Design/methodology/approach – A structural model...
Persistent link: https://www.econbiz.de/10014946175
Based on the new requirements of the rapid development of the national urbanization, planning adaptability and dynamic variability in the process of urban planning should be improved, which will become the focus of planning and design. Therefore, in this paper, the operating mechanism of...
Persistent link: https://www.econbiz.de/10014964486
Persistent link: https://www.econbiz.de/10014966083
In von Neumann and Morgenstern's sample model of poker, equilibrium has the first player bet with high and low hands, and check with intermediate hands.  The second player then calls if his hand is sufficiently high.  Betting by the low hands is interpreted as bluffing, and is a pure...
Persistent link: https://www.econbiz.de/10009421151
This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time...
Persistent link: https://www.econbiz.de/10009421243
In our original comment, we showed that Hausken's characterization of Nash equilibrium is invalid for much of the parameter space examined and provided necessary conditions for his solution to hold. Most of the comments in his reply are either tangential or irrelevant. However, several of the...
Persistent link: https://www.econbiz.de/10009422084
We extend the contingent claims framework for the levered firm in explicitly modeling the resolution of financial distress under formal bankruptcy as a non-cooperative game between claimants under the supervision of the bankruptcy judge. The identity of the class of claimants proposing the first...
Persistent link: https://www.econbiz.de/10009643550
Kovenock and Roberson’s (2012ab) replication of Hausken’s (2008a) equations and parameter restrictions do not enhance our insight into the defense and attack of reliability systems. This reply intends to fill the remaining understanding gaps.
Persistent link: https://www.econbiz.de/10009647311
Published as article in: Journal of Economic Methodology, 2010, vol. 17, issue 3, pages 261-275.
Persistent link: https://www.econbiz.de/10009651090