Results 161 to 170 of about 150,054 (288)

One‐Way Versus Two‐Way Postacquisition Integration Efforts: Theory and Evidence

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We develop a theory of postacquisition integration that distinguishes between one‐way (acquirer‐only) and two‐way (mutual) effort strategies. We argue that the method of payment—cash versus shares—may serve as an ex ante commitment mechanism to a particular integration strategy, where cash deals align with unilateral effort, and share deals ...
Albert Banal‐Estañol, Joseph A. Clougherty, Jo Seldeslachts, Florian Szücs   +3 more
wiley   +1 more source

Distributed nash equilibrium seeking for heterogeneous second-order nonlinear noncooperative games with communication delays. [PDF]

Sci Rep
Yu R, Li L, Wang Q, Zhang X, Lu S.
europepmc   +1 more source

Product Positioning and Incentives to Innovate

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT This paper shows that product positioning affects the incentives to invest in process innovation. The result is found using a model of price competition with three firms under horizontal product differentiation—and then extended to a more general Bertrand triopoly.
Emanuele Bacchiega, Paolo G. Garella
wiley   +1 more source

We Value Your Privacy: Behavior‐Based Pricing Under Endogenous Privacy

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We study a duopoly model of behavior‐based pricing in which consumers can either disclose or hide their data. We contrast two data policies. Under an open data policy, disclosed data is shared with all firms. In the unique equilibrium, all consumers disclose, and firms price discriminate, leading to welfare losses from inefficient poaching ...
Friederike Heiny, Tianchi Li, Michel Tolksdorf   +2 more
wiley   +1 more source

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

A Differential Evolution Algorithm Based on Nikaido-Isoda Function for Solving Nash Equilibrium in Nonlinear Continuous Games. [PDF]

PLoS One, 2016
He F, Zhang W, Zhang G.
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

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

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

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