Results 171 to 180 of about 234,236 (303)

Evidence Gathering Under Competitive and Noncompetitive Rewards

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT Reward schemes may affect not only agents' effort but also their incentives to gather information in order to reduce the riskiness of the productive activity. In a laboratory experiment using a novel task, we find that the relationship between incentives and evidence gathering depends critically on the availability of information about peers ...
Philip Brookins, Jennifer Brown, Dmitry Ryvkin   +2 more
wiley   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

Evolution of wealth in a non-conservative economy driven by local Nash equilibria. [PDF]

Philos Trans A Math Phys Eng Sci, 2014
Degond P, Liu JG, Ringhofer C.
europepmc   +1 more source

Make or Buy Decisions and Data Sharing

The Journal of Industrial Economics, EarlyView.
ABSTRACT Firms can share data to discover potential synergies between their data sets and algorithms, eventually leading to more efficient mergers and acquisitions (M&A) decisions. However, data sharing also modifies the competitive balance when firms do not merge, and a company may be reluctant to share data with potential rivals.
Antoine Dubus, Patrick Legros
wiley   +1 more source

Stochastic uncoupled dynamics and Nash equilibrium [PDF]

In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility ...
Andreu Mas-Colell, Sergiu Hart
core  

Lurking Patent Claims and Strategic Royalty Contracts

The Journal of Industrial Economics, EarlyView.
ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
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

Strategic behavior in non-atomic games [PDF]

In order to remedy the possible loss of strategic interaction in non-atomic games with a societal choice, this study proposes a refinement of Nash equilibrium, strategic equilibrium.
Barlo, Mehmet, Carmona, Guilherme
core  

Strategic Stake Acquisitions in Rival Firms: Common vs. Cross‐Ownership

The Journal of Industrial Economics, EarlyView.
ABSTRACT We study how a blockholder who controls a firm should acquire a minority stake in a rival: directly, creating common ownership, or indirectly through the controlled firm, creating cross‐ownership. Common ownership generates stronger internalization of competitive externalities and allows the blockholder to capture the resulting gains without ...
Vincenzo Denicolò, Fausto Panunzi
wiley   +1 more source