We study a problem where a group of agents has to decide how some fixed value should be shared among them. We are interested in settings where the share that each agent receives is based on how that agent is evaluated by other members of the group, where highly regarded agents receive a greater share compared to agents that are not well regarded. We introduce two mechanisms for determining agen...

In repeated matching games trigger strategies and simple optimal penal codes are not equilibria unless strong informational assumptions are made. If only local information is used by the strategy and other weak information ‡ows are allowed both strategies fail.

Empirical studies have pointed to the need for coupling introduction of new technotkgy to organizational development and corporate strategy. We shall propose an organizational learning approach and present a fourperspective model which accepts the multi-dimensional nature of learning in organizations. This will allow for a comprehensive discussion, supported by case studies, of how to identify ...

This paper presents a new solution concept for multiplayer stochastic games, namely, acceptable strategy profiles. For each player i and state s in a stochastic game, let wi(s) be a real number. A strategy profile is w-acceptable, where w = (wi(s)), if the discounted payoff to each player i at every initial state s is at least wi(s), provided the discount factor of the players is sufficiently c...

Strategic Trade Policy and the Home Bias in Firm Ownership Structure by Steffen Huck and Kai A. Konrad In this note we consider the preferences of a profit maximizing firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full indigenis...

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The “resource-based view of the firm” has become an important conceptual framework in strategic management but has been widely criticized for lack of an empirical base. To address this deficit, we use the econometric methodology of stochastic frontier production functions to assess sources of inter-firm differences in efficiency. Using data on Japanese and US automobile manufacturers, we develo...

To increase the likelihood of success of their market-focused innovations, firms that develop innovations for targeted markets regularly communicate with market participants in order to reduce the uncertainties participants hold regarding the firms’ innovations. Strategic market signals are one of the tactics used by these firms. While an innovating firm’s own signals can have significant impac...