Results 131 to 140 of about 1,733 (241)

Welfare implications of fair and accountable insurance pricing

Journal of Risk and Insurance, EarlyView.
Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley   +1 more source

The Impact of TikTok on Elections: (Mis)information and Regulatory Challenges

Kyklos, EarlyView.
ABSTRACT TikTok's algorithm‐driven feed is reshaping electoral communication, yet a clear understanding of its effects is lacking. This study synthesizes and appraises evidence on how the platform's design and governance shape political (dis)information and may affect electoral dynamics.
Michele Giuseppe Giuranno, Mauro Sebastian Manni   +1 more
wiley   +1 more source

The Optimal Bribe: Price Versus Quantity Competition in Oligopolies

The Manchester School, EarlyView.
ABSTRACT We analyze an entry deterrence model between an incumbent firm and a potential entrant, where the incumbent strategically offers bribes to local officials to raise entry barriers. Our focus is a three‐stage Bertrand game under incomplete information in a differentiated goods market.
Vishavdeep Sharma, Krishnendu Ghosh Dastidar   +1 more
wiley   +1 more source

Spike-based decision learning of Nash equilibria in two-player games. [PDF]

PLoS Comput Biol, 2012
Friedrich J, Senn W.
europepmc   +1 more source

Quantitative Effects of Employment Protection in OECD Labor Markets

The Manchester School, EarlyView.
ABSTRACT This paper explores the quantitative role played by Employment Protection Legislation over employment and on‐the‐job training in the presence of dual labor markets across OECD economies. We extend the search and matching model by introducing formal education and investment decisions in training by firms, and a gap in firing costs between fixed‐
Joaquín Naval, José I. Silva
wiley   +1 more source

Cross‐Ownership and Endogenous R&D Risk in Cournot Triopoly

The Manchester School, EarlyView.
ABSTRACT We examine how cross‐ownership influences firms' endogenous R&D risk‐taking in a Cournot triopoly, where two “insider” firms hold passive equity stakes in each other, and a third firm remains unaffiliated. Firms invest in stochastic R&D that lowers marginal costs and choose their risk level—measured by outcome variance—prior to quantity ...
Mingqing Xing, Ally Quan Zhang
wiley   +1 more source

Biased News Media and the Swing Voter's Decision in Repeated Games

The Manchester School, EarlyView.
ABSTRACT We consider a monopolistic, biased news media platform that attempts to influence the decision of swing voters with cheap talk when voting is costly and abstaining is an option. First, we demonstrate that, while no fully communicative equilibrium exists in a stage game, a partially truth‐revealing mixed‐strategy equilibrium exists.
Jooyong Jun, Jeong‐Yoo Kim
wiley   +1 more source

From simultaneous to leader-follower play in direct reciprocity. [PDF]

PNAS Nexus
LaPorte P, Pracher L, Pal S.
europepmc   +1 more source

Endogenous Institution Formation for Public Good Provision

The Manchester School, EarlyView.
ABSTRACT We revisit an existing framework of endogenous institution formation for public good provision, incorporating heterogeneous players to address the question, “Who joins an institution that sanctions only its members to provide a public good?” We analyze two models with different sources of heterogeneity.
Daehong Min, Doojin Ryu
wiley   +1 more source