in line with their strategic incen-tives. The paper analyzes this decision process throughout the forecasting period and explains the underlying drivers. Using quarterly earnings forecasts, we docu-ment that …nancial analysts overweight their private information throughout the entire forecasting period

The thesis consists of four theoretical articles that can be read independently of each other on the common topic- strategic incentives in the management of natural re-sources. Article I concerns biodiversity conservation of essential species in sustain-ing the ecosystem. The issue is what forces

Abstract: In this paper we are analyzing a mixed quantity-setting duopoly consisting of a socially concerned firm and a profit maximizing firm. The socially concerned firm considers one group of stakeholders in its objective function and maximizes its profit plus a share of consumer surplus. Both firms have the option to hire a manager who determines the production quantity on behalf of the firm's owner. We find that in the subgame-perfect equilibrium of this game both firms hire a manager and delegate the production choice. If the unit production costs of the firms are similar, then the socially concerned firm has a higher market share and even higher profit. Interestingly, we observe that as the share of consumer surplus taken into account by the socially concerned firm increases, also its profit might increase. The conclusion is that it pays off to take stakeholder interests into account, but not too much.

The purpose of the Temi di discussione series is to promote the circulation of working papers prepared within the Bank of Italy or presented in Bank seminars by outside economists with the aim of stimulating comments and suggestions. The views expressed in the articles are those of the authors and do not involve the responsibility of the Bank.

in line with their strategic incentives. The paper analyzes this decision process throughout the forecasting period and explains the underlying drivers. Using quarterly earnings forecasts, we document that …nancial analysts overweight their private information throughout the entire forecasting period

of the province, a model and corresponding recommendations on how to better support operators through strategic incentives was developed. Using the lens of strategic sustainable development, understanding the mechanisms of behaviour change and the role of operators as early adopters of sustainable practices

This article establishes the relationship between the static axiomatic theory of bargaining and the sequential strategic approach to bargaining. We consider two strategic models of alternating offers. The models differ in the source of the incentive of the bargaining parties to reach agreement

Abstract not found

Which mixed‐member proportional electoral formula fits you best? Assessing the proportionality principle of positive vote transfer systems

, and traitors. To tackle these challenges we model the P2P system using the Generalized Prisoner's Dilemma (GPD), and propose the Reciprocative decision function as the basis of a family of incentives techniques. These techniques are fully distributed and include: discriminating server selection