Suchergebnisse

This paper studies a sequential election contest, such as the American presidential primary, in which several elections occur one at a time until a single winner emerges. The conventional wisdom is that such a system benefits a candidate favored in the initial elections because of momentum. This paper uncovers a potentially opposing force if participation is costly & candidates exit when they have unfavorable future prospects. A candidate with friendly elections at the end of the contest will typically benefit from the resulting game theoretic competition. Tension between this strategic effect & momentum helps explain several empirical regularities of presidential primaries. 1 Table, 4 Figures, 21 References. Adapted from the source document.

Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.

Less than two years since the beginning of the uprising in Syria, localized protests have morphed into full-blown civil conflict, and external actors have become involved as well. RAND conducted an analytic exercise to generate a greater understanding of the parties and issues in play, including the actors, their motivations, and potential impact of their activities