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作者：Boadway, R; Cuff, K; Marceau, N
作者单位：Queens University - Canada; McMaster University; University of Quebec; University of Quebec Montreal
摘要：Regions inhabited with an immobile population of disabled and able individuals compete to attract mobile firms that provide jobs. The redistributive goal of regional governments is to support the disabled, who cannot work. Able individuals may work, be involuntary unemployed because of frictions in the labor market, or choose to be voluntary unemployed. Labor force participation decisions depend on regional redistributive policies. Both the size of workforce and tax on firms affect profits and...
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作者：De Waegenaere, A; Polemarchakis, H; Ventura, L
作者单位：Tilburg University; Brown University; Sapienza University Rome; Universite Catholique Louvain
摘要：In an incomplete asset market, firms assign values to investment plans by projecting their payoffs on the span of the payoffs of marketed assets. This is a criterion that does not require firms to possess information, such as the marginal valuation of revenue across date-events by shareholders, which is not directly observable; rather, it is based on the prices and payoffs of marketed assets. Under standard assumptions, competitive equilibria exist. However, even in the absence of nominal asse...
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作者：Armantier, O
作者单位：State University of New York (SUNY) System; Stony Brook University
摘要：In the application of auction theory to the real world, practitioners must choose ex ante which of the common value or the private values paradigm applies. Since intuition may fail, some authors have proposed to decide statistically between the two models. These studies, however, did not confirm whether the tests validated the true model since field data were used. I propose to use experimental data as well as Monte-Carlo simulations to study different nonstructural rules to decide between the...
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作者：Choi, JP
作者单位：Michigan State University
摘要：This article develops an incomplete contract model of the licensing relationship to analyze the dynamic effects of licensing on R&D competition in the innovation market and to examine the rationale for often observed grant-back clauses. Of particular concern are how the consideration of future competition distorts the licensing relationship and how the grant-back clause can mitigate this distortion. I also evaluate the validity of the casual antitrust argument that grant-back clauses may adver...
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作者：Capra, CM; Goeree, JK; Gomez, R; Holt, CA
作者单位：Universidad de Malaga; University of Amsterdam; Washington & Lee University
摘要：We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make noisy (logit) best responses to expected payoff differences. The resulting logit equilibrium model was used to design an experiment in which the high-price firm's market share varies. The model accurately p...
