Strategic behavior and the impact of unions on wage incentive plans

1982 ◽  
Vol 3 (1) ◽  
pp. 1-11 ◽  
Author(s):  
W. Kip Viscusi
Keyword(s):  
Strategic Behavior ◽  
Incentive Plans ◽  
The Impact

scholarly journals Strategic behavior in a vacation queue with delayed observations

2021 ◽  
Author(s):  
Jingchuan Zhang ◽  
Gang Chen ◽  
Zaiming Liu
Keyword(s):  
Social Welfare ◽  
Strategic Behavior ◽  
Computer Network ◽  
Service System ◽  
Equilibrium Strategy ◽  
Net Benefit ◽  
Vacation Model ◽  
Game Theoretic ◽  
The Cost ◽  
The Impact

We study an emerging computer network model of delayed observations in which the system is unobservable for the customers at their arrival instants, but after a while, they are informed about their current positions and they may renege. We develop a queueing-game-theoretic vacation model to explore customers' equilibrium strategy, stationary system behavior and social welfare based on a reward-cost structure. Our main results are as follows. First, we determine a closed form of the customers' equilibrium strategy, the expected net benefit of a customer and social welfare in the service system. Second, extensive numerical experiments that demonstrate the effect of vacation rate θ and system announcement rate δ on the equilibrium strategy and social welfare. We find that the impact of announcement rate δ is greater than vacation rate θ in some cases. Finally, we show that the equilibrium strategy can give customers more information and reduce the cost of waiting. Moreover, our results can also provide more precise information to the system administrators.

How do strategic networks influence awarding contract? Evidence from French public procurement

2017 ◽  
Vol 30 (4) ◽  
pp. 357-369 ◽  
Author(s):  
Olivier Mamavi ◽  
Olivier Meier ◽  
Romain Zerbib
Keyword(s):  
Strategic Alliances ◽  
Structural Equation ◽  
Strategic Behavior ◽  
Public Procurement ◽  
Equation Model ◽  
Path Modeling ◽  
Content Type ◽  
Strategic Networks ◽  
Partner Relations ◽  
The Impact

Purpose The purpose of this paper is to study how networks may influence the awarding of a contract. In particular, the authors explore strategic networks originating from cooperative relationships. Design/methodology/approach Based on notices of contracts awarded in the French public sector, the authors identified 10,377 partnership relations within 4,242 strategic alliances. The authors represented the system of relations in a graph. The authors used the networks depicted to measure a set of relational properties and build a structural equation model (partial least squared-path modeling). Findings The results highlight two important elements. First, the authors reveal the impact of the strength of weak and strong ties on contract awarding. Second, the authors show that the strength of weak ties is magnified by lead partners. Originality/value The findings provide insight into strategic behavior that can influence awarding contract. The authors also provide public principals with new means to improve their partner relations.

The Impact of Capital Structure on Efficient Sourcing and Strategic Behavior

2000 ◽  
Vol 35 (4) ◽  
pp. 9-30 ◽  
Author(s):  
Sudha Krishnaswami ◽  
Venkat Subramaniam
Keyword(s):  
Capital Structure ◽  
Strategic Behavior ◽  
The Impact

scholarly journals Conservation at the International Level

Conservation ◽  
2021 ◽  
pp. 331-360
Author(s):  
Charles Perrings
Keyword(s):  
Public Goods ◽  
Strategic Behavior ◽  
Climate Mitigation ◽  
International Level ◽  
Migratory Species ◽  
Governance Mechanisms ◽  
Multilateral Agreements ◽  
National Jurisdiction ◽  
National Governments ◽  
The Impact

The conservation of ecosystems that either span national jurisdictions or extend beyond areas of national jurisdiction requires the establishment of governance mechanisms that operate above national governments, and hence that involve some cession of national sovereignty. This involves the coordination of national action, usually through the negotiation of bilateral or multilateral agreements. Chapter 14 considers the problem of conservation across national jurisdictions, focusing on ecosystems that span jurisdictions, migratory species, and the international movement of pests and pathogens as an incidental effect of trade and travel. It explores the impact of strategic behavior on the effectiveness of multilateral agreements, and the institutions developed to supply transboundary public goods such as climate mitigation.

scholarly journals Strategic Liquidity Mismatch and Financial Sector Stability

2019 ◽  
Vol 32 (12) ◽  
pp. 4696-4733 ◽  
Author(s):  
André F Silva
Keyword(s):  
Default Risk ◽  
Financial Stability ◽  
Strategic Behavior ◽  
Oxford University ◽  
Collective Decisions ◽  
Editorial Decision ◽  
Transformation Activity ◽  
The Impact ◽  
Published Paper ◽  
Identification Strategy

Abstract This paper examines whether banks strategically incorporate their competitors’ liquidity mismatch policies when determining their own and the impact of these collective decisions on financial stability. Using a novel identification strategy exploiting the presence of partially overlapping peer groups, I show that banks’ liquidity transformation activity is driven by that of their peers. These correlated decisions are concentrated on the asset side of riskier banks and are asymmetric, with mimicking occurring only when competitors take more risk. Accordingly, this strategic behavior increases banks’ default risk and overall systemic risk, highlighting the importance of regulating liquidity risk from a macroprudential perspective. ReceivedMay 4, 2016; editorial decision January 1, 2019 by Editor Philip Strahan. Author has furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.

Strategic group formation in agent-based simulation

SIMULATION ◽  
2017 ◽  
Vol 94 (3) ◽  
pp. 179-193 ◽  
Author(s):  
Andrew J. Collins ◽  
Erika Frydenlund
Keyword(s):  
Game Theory ◽  
Social Interactions ◽  
Strategic Behavior ◽  
Group Formation ◽  
Dominant Group ◽  
Strategic Group ◽  
Agent Based ◽  
Model And Simulation ◽  
Human Decision ◽  
The Impact

Researchers tend to model people as individuals rather than as members of groups. This approach diminishes the impact of altruism and other group-supporting behaviors. For example, walkers may move slower than their capability to retain group cohesion. Current modeling approaches to capture group formation and dynamics lack the strategic elements required to model the complexity of human decision-making. Game theory provides a mechanism to introduce this strategic behavior. This article investigates strategic group formation through the introduction of cooperative game theory techniques into an agent-based model and simulation (ABMS). It shows some empirical results from this introduction. The approach requires looking at the Core instead of the more common Nash Equilibrium. The simulation outputs show some agents forming a large dominant group, much like a real-world mob. The model and results are relevant to policymakers trying to understand how humans navigate an environment through strategic social interactions.

Permit Markets, Seller Cartels and the Impact of Strategic Buyers

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Odd Godal ◽  
Frode Meland
Keyword(s):  
Soviet Union ◽  
Kyoto Protocol ◽  
Former Soviet Union ◽  
Emissions Trading ◽  
Strategic Behavior ◽  
Exchange Model ◽  
Alternative Models ◽  
Permit Markets ◽  
The Impact ◽  
The Eu

Abstract The literature on emissions trading and strategic behavior under the Kyoto Protocol typically claims that a sellers' cartel featuring countries of the former Soviet Union can be quite profitable for its members. Using a Cournot-type quota exchange model, we show that this conclusion is sensitive to the assumption that large permit buyers, like the EU and Japan, are supposed to behave as price takers. Our result is driven by the same mechanisms as those found in Salant, Switzer and Reynolds (1983). We also discuss alternative models of permit exchange.

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