This paper considers the problem faced by n agents who repeatedly have to take a joint action, cannot resort to side payments, and each period are privately informed about their favorite actions. We study the properties of the optimal contract in this environment. We establish that first best

. Contrast this with a ringshaped network, in which all actors are equally central. In the VC market, greater centrality may translate into better access to information, deal flow, deeper pools of capital, expertise, contacts, and so on. Network analysis uses a branch of mathematics called graph theory

same feasibility assessment methodology. Determinants #7 and #8 highlight informational needs, perceptions, and decision-making credibility. The significance of each depends upon decision-making structures drawn from macro sources that can have parallel effects on all three options. Perceptions about

We study repeated bargaining between a privately informed long-run player and a sequence of short-run players. Should the players fail to reach an agreement, an unbiased yet imperfect third party is called upon to make a decision. In contrast to standard reputation models, the benefit from

.econstor.eu Theoretical literature suggests a variety of reasons why a public-private partnership (PPP) If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated should exhibit higher costs

of an advertisement. In this study, we evaluate the dynamic effects of different themes of advertising that have been employed in a campaign. We develop a model that jointly considers the effects of wearout as well as that of forgetting in the context of an advertising campaign that employs five different advertising

In this paper, we analyze the asymmetric pure strategy equilibria in a dynamic game of pure information externality. Each player receives a private signal and chooses whether and when to invest. In some of the periods, only a subgroup of the players make decisions, which we call bunching, while

The principle aim of this dissertation is to investigate the philosophical application of quantum information theory to interpretational issues regarding the theory of quantum mechanics. Recently, quantum information theory has emerged as a potential source for such an interpretation. The main

of these applications is their dynamic nature. The advertisers in an online auction or the users of mechanical turk arrive and depart, and when present, interact with the system repeatedly, giving the opportunity to learn their types. Dynamic mechanisms, which learn from the past interactions and make present decisions

(NYCHA), a private market-governance institution among commercial banks in Manhattan that operated from 1853 to 1913. We find that the NYCHA, founded to achieve coordinating benefits among banks and to limit the effect of financial panics, evolved at the turn of the twentieth century into a device