Results 41 to 50 of about 1,223 (172)

RPM and Vertical Integration With Upstream Competition and Noncontractible Efforts

The Journal of Industrial Economics, EarlyView.
ABSTRACT We study RPM and vertical integration in a common agency setting with two differentiated manufacturers and one retailer, where consumer demand depends on both the manufacturers' and retailer's noncontractible efforts. Under vertical separation, the adoption of maximum RPM by both manufacturers is an equilibrium and intensifies competition ...
Michele Bisceglia, Mark Israel, Salvatore Piccolo, Paolo Ramezzana   +3 more
wiley   +1 more source

Bad NGOs? Competition in the Market for Donations and Workers' Misconduct

The Journal of Industrial Economics, EarlyView.
ABSTRACT In this paper, we investigate how competition among NGOs to attract donations shapes the incentives that NGOs provide to their employees. NGOs hire workers to undertake development projects, which are horizontally and vertically differentiated.
Nadia Burani, Ester Manna
wiley   +1 more source

A informalidade no mercado de trabalho e o impacto das instituições: uma análise sob a ótica da teoria dos jogos

Economia Aplicada, 2008
Este artigo analisa a informalidade no mercado de trabalho, com um jogo dinâmico infinito entre empregador e empregados, no qual a Justiça Trabalhista é representada parametricamente.
Fernando B. Meneguin, Maurício S. Bugarin   +1 more
doaj   +1 more source

Robust Mean–Variance Portfolio Optimization: Mean–Variance–Variance Criterion Versus Mean–Variance–Standard Deviation Criterion

Mathematical Finance, EarlyView.
ABSTRACT We study a dynamic portfolio optimization problem under the mean–variance–variance (M‐V‐V) criterion proposed by Maccheroni et al. It is an analogue of the Arrow–Pratt approximation to the well‐known smooth ambiguity model. Under the standard Black–Scholes framework, we derive fully explicit equilibrium investment strategies in which a DM's ...
David Landriault, Bin Li, Yuanyuan Zhang
wiley   +1 more source

Markov Perfect Nash Equilibrium in stochastic differential games as solution of a generalized Euler Equations System [PDF]

, 2008
This paper gives a new method to characterize Markov Perfect Nash Equilibrium in stochastic differential games by means of a set of Generalized Euler Equations.
Rincón-Zapatero, Juan Pablo, Josa-Fombellida, Ricardo   +1 more
core  

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

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

Mutual Outsourcing in a Vertically Related Market With Strategic Environmental Corporate Social Responsibility

The Manchester School, EarlyView.
ABSTRACT This study considers mutual outsourcing firms in a vertically related market and examines their strategic adoption of environmental corporate social responsibility (ECSR) activities. We demonstrate that ECSR adoption reduces mutual outsourcing firms' profits, resulting in a prisoner's dilemma situation, but enhances welfare regardless of ...
Lili Xu, Xinying Fan, Sang‐Ho Lee
wiley   +1 more source

Subgame perfect equilibrium: matchmaking and strategic investments [Game theory]

, 2011
Educação Superior::Ciências Sociais Aplicadas::EconomiaPresents a class that analyzes some games using a new solution concept created by the Professor and students, subgame perfect equilibrium (SPE).
Polak, Ben
core   +1 more source

Consumers' Environmental Awareness and Firms' Managerial Delegation Contracts Under Emission Tax Policies

Scottish Journal of Political Economy, EarlyView.
ABSTRACT This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time‐consistent emission tax policies. It reveals that when environmental performance (EP) incentives prevail, sales performance (SP) incentives depend on the emission tax type and competition ...
Lili Xu, Yuntong Yin, Sang‐Ho Lee
wiley   +1 more source