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Investment on human capital in a dynamic contest model
(Walter De Gruyter Gmbh, 2019)
Although most contest games are modeled in such a way that the outcome depends only on the efforts exerted by the contestants what is arguably more important is the contestants' effective efforts which may be influenced ...
Between anchors and aspirations: a new family of bargaining solutions
(Springer, 2019)
We study the salience and power of reference points in determining the effective anchors and aspirations in bargaining problems. Along this line we enrich the analysis of the standard bargaining model with two new parameters: ...