Results 151 to 160 of about 150,654 (276)

Incentive and Signaling Effects of Bonus Payments: An Experiment in a Company

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use may signal the prevalence of free‐riding among employees. This paper tests this hypothesis with an artefactual field experiment that assigns managers and employees from a large company to stylized roles ...
Marvin Deversi, Lisa Spantig
wiley   +1 more source

Local Nash equilibrium in social networks. [PDF]

Sci Rep, 2014
Zhang Y, Aziz-Alaoui MA, Bertelle C, Guan J.   +3 more
europepmc   +1 more source

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

Nash Equilibrium of Social-Learning Agents in a Restless Multiarmed Bandit Game. [PDF]

Sci Rep, 2017
Nakayama K, Hisakado M, Mori S.
europepmc   +1 more source

Tariffs and Foreign Direct Investment in a Dynamic North–South Model

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper examines how import tariffs by a developed country (the North) and a developing country (the South) affect innovation and foreign direct investment (FDI) using a quality ladder model. We show that a Northern import tariff raises the relative wage of Northern labor, but impedes innovation and FDI. This may worsen Northern welfare. By
TATSURO IWAISAKO, HITOSHI TANAKA
wiley   +1 more source

Recency, consistent learning, and Nash equilibrium. [PDF]

Proc Natl Acad Sci U S A, 2014
Fudenberg D, Levine DK.
europepmc   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

Journal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN, DAVID MARSHALL, ROBERT L. MCDONALD   +2 more
wiley   +1 more source

Correction: Nash equilibrium of attack and defense behaviors between predators and prey. [PDF]

PLoS Comput Biol
PLOS Computational Biology Staff.
europepmc   +1 more source

On Nash Equilibrium and Evolutionarily Stable States That Are Not Characterised by the Folk Theorem. [PDF]

PLoS One, 2015
Li J, Kendall G.
europepmc   +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