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In the economic literature on market competition, firms are often modelled as individual decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior...
Persistent link: https://www.econbiz.de/10014029080
Transparency in teams can induce cooperation. We study contribution decisions by agents when previous decisions can be observed. We find that an information chain, in which each agent directly observes only the decision of her immediate predecessor, is at least as effective as a...
Persistent link: https://www.econbiz.de/10009303879
This paper examines how farmers producing differentiated quality products choose different governance structures in a non-cooperative game between farmers, enterprises, and consumers. A cooperative and an IOF (investor owned firm) coexist in equilibrium and low quality is delivered by the...
Persistent link: https://www.econbiz.de/10009381165
In the dynamic game we analyze, players are the members of a fixed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a finite number of periods to centralize the initially dispersed items in the hands of any one member of the...
Persistent link: https://www.econbiz.de/10003950474
This paper considers all-pay contests in which the relationship between bids and allocation reflects a small amount of …, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic … contests. …
Persistent link: https://www.econbiz.de/10011538607
-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals … games, and show how it can be used to directly solve for equilibrium behavior in auctions, pricing games, tournaments, R …
Persistent link: https://www.econbiz.de/10011378808
In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value … value is lost due to rent dissipation. In this paper, we consider contests with two players and investigate the relationship …
Persistent link: https://www.econbiz.de/10011550537
simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the …
Persistent link: https://www.econbiz.de/10010499802
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n-player winner …
Persistent link: https://www.econbiz.de/10009571037
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10009772194