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In democratic societies, citizens can hold their government politically accountable for the consequences of international cooperation. Can democratic accountability shape international cooperation under strategic interdependence, and if so, to what effect? I show formally that citizens can endow...
Persistent link: https://www.econbiz.de/10009654074
Since Hardin first formulated the tragedy of the commons, researchers have described various ways that commons problems are solved, all based on the model of individual rationality. Invariably, these institutional solutions involve creating some system of property rights. We formulate an...
Persistent link: https://www.econbiz.de/10009654090
The protests associated with the 2011 Arab Spring represent a serious and sustained challenge to autocratic rule in the Middle East. Under what conditions will Arab protest movements translate into a full-fledged ‘fourth wave’ of democratization? We argue that questions about the...
Persistent link: https://www.econbiz.de/10009654096
In this paper, we address the problem of convergence to Nash equilibria in games with rewards that are initially unknown and which must be estimated over time from noisy observations. These games arise in many real-world applications, whenever rewards for actions cannot be prespecified and must...
Persistent link: https://www.econbiz.de/10010533717
The pharmaceutical industry has always used sales representatives to target physicians (detailing), who are a key link in sales and market share for prescription pharmaceuticals. Since August of 1997, when the Food and Drug Administration eased the restrictions on direct-to-consumer advertising...
Persistent link: https://www.econbiz.de/10009191101
In final-offer arbitration the two parties to a dispute submit final offers to an arbitrator. The arbitrator then chooses as the binding solution that offer which is closest to his own view of the appropriate outcome. Because the disputants are imperfectly informed about the arbitrator's...
Persistent link: https://www.econbiz.de/10009191120
This paper examines the product positioning decisions of firms that enter a market sequentially and that have potentially different cost structures. It shows that if the first mover knows the second mover to have a lower production cost, it positions away from the most attractive location in the...
Persistent link: https://www.econbiz.de/10009191197
Consumers purchase conspicuous goods to satisfy not only material needs but also social needs such as prestige. In an attempt to meet these social needs, producers of conspicuous goods like cars, perfumes, and watches, highlight the exclusivity of their products. In this paper, we propose a...
Persistent link: https://www.econbiz.de/10009191285
simultaneously. In order to study coalition forming behavior in such games and to test the descriptive power of four major solution …, considerations of sequential formation of coalitions within a coalition structure, the concept of maximal share structure suggested … equal shares, served jointly as the first-order determinants of both the decision of which coalition to form and the …
Persistent link: https://www.econbiz.de/10009191413
extent of price competition, improving recognition leads to intensified price competition and reduced profitability in the …
Persistent link: https://www.econbiz.de/10009191424