http://dx.doi.org/10.1016/j.anbehav.2014.04.016 0003-3472/ 2014 The Authors. Published on behalf o ND license (http://creativecommons.org/licenses/by-n Tactical deception has long attracted interest because it is often assumed to entail complex cognitive mechanisms. However, systematic evidence of tactical deception is rare and no study has attempted to determine whether such behaviours may be ...

Innovation is an essential component of a company’s survival in this competitive world business. Firms free and marketplaces are compelled to adopt more efficient production techniques provide customers with new improved products. This research examines the impact competition on innovation marketplaces. The study motivated by Russian government’s goal increasing productivity small medium-sixed ...

The paper approaches business cycles in terms of extrinsic uncertainty related, not to dynamic indeterminacy of intertemporal equilibria (in the neighborhood of an attractor) or to multiplicity of steady states (in nonlinear models), but to static indeterminacy of free entry oligopolistic equilibria within each period. We consider an OLG economy in which Þrms, supplying differentiated goods wit...

With the growth of electronic markets, designing double auction mechanisms that are applicable to emerging market structures has become an important research topic. In this paper, we investigate two truthful double auction design approaches, the Trade Reduction Approach and the Multi-Stage Design Approach, and compare their resulting mechanisms in various exchange environments. We find that com...

This paper examines the institutional determinants of discipline in legislative parties. The model formalizes the tradeoff between resources at the leaders discretion, and the incumbents need to maintain a minimum level of support to continue leading. The value of the incumbent leader’s promises of future benefits is here endogenously determined by the backbenchers’ beliefs about the extent of ...

The theory of rent seeking with its origins in the observations of Gordon Tullock (1967) or to use Jagdish Bhagwati's (1982) proposed term, the theory of directly unproductive profit-seeking activities is concerned with the potentially adverse effects on resource allocation of incentives to capture and defend artificially-contrived rents and transfers. The scope for social loss proposed by the ...

The troubled introduction of an American air computerized reservation system at French Railways reflects the difficulty of transforming European public rail transport into a market-oriented industry. Computerized reservation systems played an important role in supporting increased competition, providing a global strategic advantage and modifying market structures in the US air industry. However...