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Voters today often desert a preferred candidate for a more viable second choice to avoid wasting their vote. Likewise, parties to a dispute often find themselves unable to agree on a fair division of contested goods. In <i>Mathematics and Democracy</i>, Steven Brams, a leading authority in the use of...
Persistent link: https://www.econbiz.de/10005696684
We show that asymmetric equilibria may exist in an ex ante symmetric step-by-step R&D if product market competition is … strategies if and only if product market competition is small and imitation is easy. …
Persistent link: https://www.econbiz.de/10005697704
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The objective of this work is to present a principle taht has recently played a fundamental role in axiomatic analysis, and a converse of this principle, which has also played an important role. They are now most commonly known under the names of consistence and converse consistency. We survey...
Persistent link: https://www.econbiz.de/10005698201
Asymmetric information refers to that uncertainty which arises as a result of co-ordination problems between two agents. This has a limited applicability in the understanding of how businessmen attempt to protect themselves against the possible fluctuation in macro-economic variables and from a...
Persistent link: https://www.econbiz.de/10005698441
The article outlines a game-theoretic framework that can be used to analyze the nature and outcomes of independence movements in disputed or occupied regions. It is seen that the nature of an independence movement depends on a complex interplay among personal characteristics of movement leaders,...
Persistent link: https://www.econbiz.de/10005700230
Firms can approach advertising competition either by setting advertising budgets (as in the percentage of sales method … posture using a two-stage model of duopolistic competition. In the first stage, each firm chooses to commit either to an … and show that when firms engage in price competition as well as advertising the nature of advertising and product …
Persistent link: https://www.econbiz.de/10005701801
The existing literature has examined how manufacturers can enhance profits by employing specific channel structures and channel coordination mechanisms. In this paper, we examine the implications of strategically designed managerial incentives for channel performance in a duopoly. We first...
Persistent link: https://www.econbiz.de/10005701802