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Palfrey, John - The MIT Press

organization. Palfrey identifies the essential areas of intellectual property--patent, copyright, trademark, and trade secret …

Persistent link: https://www.econbiz.de/10010535199

Group Contracting and Enforcement

Laffont, Jean-Jaques; N'Guessan, Tchétché - In: Journal of Institutional and Theoretical Economics (JITE) 157 (2001) 4, pp. 487-487

We consider a principal-multiagent framework with adverse selection when contracting is possible ex ante. However, enforcement of contracts is imperfect, which results in inefficiencies. We study how group contracting may or may not mitigate those inefficiencies.

Persistent link: https://www.econbiz.de/10005823377

Catch-22 in a Signalling Game

Carmichael, Fiona - In: Journal of Institutional and Theoretical Economics (JITE) 158 (2002) 3, pp. 375-375

In this paper signals are observed by two receivers who have different preferences about the sender and therefore respond to information about himin different ways. This can result in a Catch-22 for the sender; if he sends a signal to induce a positive response from one receiver, this may induce...

Persistent link: https://www.econbiz.de/10005823419

Holdups, Standard Breach Remedies, and Optimal Investment

Edlin, Aaron; Reichelstein, Stefan - National Bureau of Economic Research (NBER) - 1995

trade. Without adequate contractual protection, the prospect of later holdups discourages investment. We postulate that the … investment problems. …

Persistent link: https://www.econbiz.de/10005830502

Principle of uncertain future and utility

Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2007

, the equity premium puzzle, etc. The principle and its consequences can be applied in the fields of banking, investment …

Persistent link: https://www.econbiz.de/10005835639

Offshore Bidding and Currency Futures

Lien, Donald; Firoozi, Fathali - In: International Journal of Business and Economics 7 (2008) 2, pp. 125-136

In an interactive model of offshore bidding, two firms located in two different countries bid on a project in a third country under exchange rate uncertainty. Every firm benefits and provides a higher bid when both firms have hedging opportunities. Even if only one bidder has the hedging...

Persistent link: https://www.econbiz.de/10010598966

Profit sharing under the threat of nationalization

Di Corato, Luca - In: Resource and Energy Economics 35 (2013) 3, pp. 295-315

A multinational corporation engages in foreign direct investment for the extraction of a natural resource in a … developing country. The corporation bears the initial investment and earns as a return a share of the profits. The host country … provides access and guarantees conditions of operation. Since the investment is totally sunk, the corporation must account in …

Persistent link: https://www.econbiz.de/10010678885

Behavioral Game Theory Experiments and Modeling

Camerer, Colin F.; Ho, Teck-Hua - Elsevier

This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to …

Persistent link: https://www.econbiz.de/10011255423

An Optimal Signaling Equilibrium

Karamychev, Vladimir; Visser, Bauke - Tinbergen Instituut - 2011

This paper analyses the optimal combination of costly and costless messages that a Sender uses in a signaling game if he is able to choose among all equilibrium communication strategies. We provide a complete characterization of the equilibrium that maximizes the Sender's ex ante expected...

Persistent link: https://www.econbiz.de/10011257422

A note on networks collaboration in multi-market oligopolies

Billand, Pascal; Bravard, Christophe; Chakrabarti, Subhadip - Département Sciences Sociales, Agriculture et … - 2014

In this note, we extend the Goyal and Joshiâ€™s model of collaboration networks in oligopoly to multi-market situations. We examine the incentive of firms to form links and the architectures of the resulting equilibrium networks in this setting. We then present some results on efficient...

Persistent link: https://www.econbiz.de/10011204293