全球智库信息集成服务系统(G2TT): DP10977 Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP10977
	DP10977 Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field
	Rudolf Winter-Ebmer; Uwe Sunde; Mario Lackner; Rudi Stracke
发表日期	2015-12-06
出版年	2015
语种	英语
摘要	This paper investigates empirically whether decision makers are forward looking in dynamic strategic interactions. In particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values and the ability of their immediate opponent into account when choosing effort. Using data from professional and semi-professional basketball tournaments, we find that effort is negatively affected by the ability of the current opponent, consistent with the theoretical prediction and previous evidence. More importantly, the results indicate that the expected relative strength in future interactions does affect behavior in earlier stages, which provides support for the `standard' view that decision makers are forward looking in dynamic strategic interactions.
主题	Labour Economics
关键词	Forward-looking behavior Heterogeneity Multi-stage contest Promotion tournament
URL	https://cepr.org/publications/dp10977
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/539806
推荐引用方式 GB/T 7714	Rudolf Winter-Ebmer,Uwe Sunde,Mario Lackner,et al. DP10977 Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field. 2015.