Search results for "Strategic behavior"
showing 5 items of 5 documents
Strategic Decisions in Task-Oriented Reading.
2015
AbstractAnswering questions from texts are assessment and instructional activities that are frequently used in schools. Nevertheless, little is known about the strategic processes that students take while performing these tasks. We explored the amount and frequency that students initially read of a text before they answered questions pertaining to the material. In a procedure similar to the one used in the PISA (Program for International Students Assessment), one-hundred-seventy students between 7thand 9thgrade read and answered several questions designed to assess task-oriented reading in three specific texts. We recorded on-line indexes that evaluated student behavior (e.g., the amount of…
The Strategic Use of Innovation to Influence Environmental Policy: Taxes versus Standards
2015
Abstract This paper evaluates the strategic behavior of a polluting monopolist to influence environmental policy, either with taxes or with standards, comparing two alternative policy games. The first of the games assumes that the regulator commits to an ex-ante level of the policy instrument. The second one is the time-consistent policy game. We find that the strategic behavior of the firm is welfare improving and leads to more environmental innovation than under regulatory commitment if a tax is used to control pollution. However, the contrary occurs if an emission standard is used. Under commitment, it is shown that both policy instruments are equivalent. We conclude that the optimal env…
La elección del momento oportuno de la política ambiental en un mercado duopolístico
2015
[EN] In this paper the strategic use of innovation by two polluting firms to influence environ-mental policy is evaluated. The analysis is carried out by comparing two alternative policy regimes for two policy instruments: Taxes and standards. The first of the regimes assumes that the regulator commits to an ex-ante level of the policy instrument. In the second one, there is no commitment. The results show that when there is no commitment and a tax is used to control emissions, the strategic behavior of firms can be welfare improving if the efficiency of the clean technology is relatively low. If this is not the case, the strategic behavior of the duopolists has a detrimental effect on welf…
Strategic behavior and partial cost sharing
2003
Abstract The main objects here are games in which players mainly compete but nonetheless collaborate on some subsidiary activities. Play assumes a two-stage nature in that first-stage moves presume coordination of some subsequent tasks. Specifically, we consider instances where second-stage coordination amounts to partial cost sharing, anticipated and sustained as a core solution. Examples include regional Cournot oligopolies with joint transportation. We define and characterize equilibria, and inquire about their existence.
Investor Inattention to All-Cash Acquisition Announcements: A Joint Day-Time Analysis in the Spanish Market
2021
Prior studies suggest that investors have limited attention, which determines the speed with which information is incorporated into share prices and, in turn, affects the efficiency of the markets. Unlike other corporate events, the information contained in an acquisition announcement is generally less standard and more complicated to process. Therefore, investor inattention is less likely around this event. In this study we test the existence of investor inattention for a sample of all-cash acquisition announcements of listed and unlisted target firms released by listed Spanish firms from 1998 to 2018. Cash acquisitions allow us to control for the strategic behavior of overvalued companies…