Showing 1 - 10 of 310
Agents compete to acquire a limited economic opportunity of uncertain pro…tability.Each agent decides how much he acquires public signals before making investmentunder fear of preemption. I show that equilibria have various levels of e¢ ciency undermild competition. The e¤ect of competition...
Persistent link: https://www.econbiz.de/10009248916
Agents compete to solve a problem. Each agent knows own computational capacityas private information and simultaneously chooses either a risky or a safe problemsolving method. This paper analyzes the optimal prize schemes from the perspectiveof the prize designer who wishes to …nd a solution as...
Persistent link: https://www.econbiz.de/10009248918
Persistent link: https://www.econbiz.de/10009508055
Persistent link: https://www.econbiz.de/10009621700
Agents compete to acquire a limited economic opportunity of uncertain profitability. Each agent decides how much he acquires public signals before making investment under fear of preemption. I show that equilibria have various levels of efficiency under mild competition. The effect of...
Persistent link: https://www.econbiz.de/10008747610
Candidates compete to persuade a decision maker. The decision maker wishes to select a candidate who possesses a certain ability. Then, as a signaling, each candidate decides whether to perform a task whose performance statistically reflects the ability. However, since the cost of the...
Persistent link: https://www.econbiz.de/10008747614
Agents compete to solve a problem. Each agent knows own computational capacity as private information and simultaneously chooses either a risky or a safe problem solving method. This paper analyzes the optimal prize schemes from the perspective of the prize designer who wishes to find a solution...
Persistent link: https://www.econbiz.de/10008747622
Persistent link: https://www.econbiz.de/10011646005
Persistent link: https://www.econbiz.de/10012021671
Persistent link: https://www.econbiz.de/10012144969