Search Results - "Lambson, Val Eugene"

Skill, complexity, and strategic interaction by Lambson, Val, van den Berghe, John

“…We present a win-loss game between players with explicitly-modeled cognitive limitations. Differences in the players' abilities to analyze the available moves…”
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Foreign Exchange Intervention and Monetary Policy: A Tale of Two Agencies with Conflicting Objectives by Lambson, Val, Takagi, Shinji, Kozuru, Issei

“…In several industrial countries, the government is responsible for foreign exchange intervention while the central bank is given operational independence in…”
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SUNK COSTS, DEPRECIATION, AND INDUSTRY DYNAMICS by Gschwandtner, Adelina, Lambson, Val E.

“…Two of the most robust results from dynamic competitive models of industrial organization suggest that higher-sunk-cost industries should exhibit higher…”
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Monopsony, mobility, and sex differences in pay: Missouri school teachers by Ransom, Michael R, Lambson, Val Eugene

“…We examine the sex differences in the pay of school teachers in Missouri. In Missouri school districts, pay is determined by a salary schedule that maps…”
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On the Effects of Entry in Cournot Markets by Amir, Rabah, Lambson, Val E.

“…In the framework of symmetric Cournot oligopoly, this paper provides two minimal sets of assumptions on the demand and cost functions that imply respectively…”
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Do Out-of-State Buyers Pay More for Real Estate? An Examination of Anchoring-Induced Bias and Search Costs by Lambson, Val E., McQueen, Grant R., Slade, Barrett A.

“…We explore the questions of whether and why out‐of‐state buyers pay more for real estate than their in‐state counterparts. Theoretically, we develop a model…”
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Rushing to Overpay: Modeling and Measuring the REIT Premium by Akin, S. Nuray, Lambson, Val E., McQueen, Grant R., Platt, Brennan C., Slade, Barrett A., Wood, Justin P.

“…We explore the questions of why Real Estate Investment Trusts (REITs) pay more for real estate than non-REIT buyers and by how much. First, we develop a search…”
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Sequential Auctions: Theory and Evidence from the Seattle Fur Exchange by Thurston, Norman K, Lambson, Val Eugene

“…We develop a model that incorporates salient features of the Seattle Fur Exchange: identical lots of furs are auctioned sequentially, bids must be raised by…”
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Sequential auctions: theory and evidence from the Seattle Fur Exchange by Lambson, Val E., Thurston, Norman K

“…We develop a model that incorporates salient features of the Seattle Fur Exchange: identical lots of furs are auctioned sequentially, bids must be raised by…”
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Market structure and Schumpeterian growth by Lambson, Val E., Phillips, Kerk L.

“…We present a discrete-time version of a Schumpeterian growth model. A natural R&D analogue to constant returns to scale implies a Poisson production function…”
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Imperfect competition, integer constraints and industry dynamics by Amir, Rabah, Lambson, Val E.

“…Amir and Lambson (Amir, R. and V. E. Lambson (2003), Entry, Exit, and Imperfect Competition in the Long Run, Journal of Economic Theory, 110, 191–203)…”
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Entry, exit, and imperfect competition in the long run by Amir, Rabah, Lambson, Val E.

“…An infinite-horizon, stochastic model of entry and exit with sunk costs and imperfect competition is constructed. A subgame perfect Nash equilibrium for the…”
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SUNK COSTS, PROFIT VARIABILITY, AND TURNOVER by GSCHWANDTNER, ADELINA, LAMBSON, VAL E.

“…Dynamic competitive models of industry evolution suggest that firm profit will be more volatile, and turnover lower, in industries with higher sunk costs…”
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The effects of sunk costs on entry and exit: evidence from 36 countries by Gschwandtner, Adelina, Lambson, Val E.

“…Dynamic competitive models of industry evolution suggest that intertemporal variability of the number of firms should be lower in industries with higher sunk…”
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Learning by matching patterns by Lambson, Val E., Probst, Daniel A.

“…We analyze a model of repeated play between two boundedly rational agents. In each stage each player recalls the outcomes from the most recent few rounds,…”
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Sunk Costs and Firm Value Variability: Theory and Evidence by Lambson, Val Eugene, Jensen, Farrell E.

“…Dynamic competitive models are interesting tools for studying industry behavior over time. Although there is some overlap, such models of industry evolution…”
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Competitive Profits in the Long Run by Lambson, Val Eugene

“…Profit rates differ across industries. Explanations have often relied on static models of imperfect competition. This paper develops a dynamic model of perfect…”
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Competitive Profits in the Long Run by Lambson, Val Eugene

“…It has long been asserted that profit rates differ across industries. A dynamic model of perfect competition is developed to demonstrate that long-run average…”
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Optimal penal codes in nearly symmetric Bertrand supergames with capacity constraints by Lambson, Val Eugene

“…Previous work has demonstrated that optimal penal codes are security level penal codes in symmetric Bertrand supergames with capacity constraints. This paper…”
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Sunk costs, entry, and the timing of cost-reducing investment by Lambson, Val E

“…The traditional IO literature asserts that firms with monopoly power produce less efficiently than competitive firms and that they often reduce costs only…”
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