Pure strategy equilibria of multidimensional and non-monotonic auctions

We give necessary and sufficient conditions for the existence of symmetric equilibrium without ties in interdependent values auctions, with multidimensional independent types and no monotonic assumptions. In this case, non-monotonic equilibria might happen. When the necessary and sufficient conditions are not satisfied, there are ties with positive probability. In such case, we are still able to prove the existence of pure strategy equilibrium with an all-pay auction tie-breaking rule. As a direct implication of these results, we obtain a generalization of the Revenue Equivalence Theorem. From the robustness of equilibrium existence for all-pay auctions in multidimensional setting, an interpretation of our results can give a new justification to the use of tournaments in practice.

Premiação top 5: estudo de um caso de torneio no Brasil

Com a implementação do sistema de metas de inflação no Brasil, o Banco Central desenvolveu uma pesquisa de coleta de expectativas do mercado para a inflação e outras variáveis macroeconômicas, como uma das ferramentas para guiar a política monetária. O ranking Top 5 com as melhores projeções vem sendo publicado desde 2001. Este trabalho analisa a estrutura de premiação do ranking Top 5 como um mecanismo de incentivo para (i) obter projeções atualizadas do mercado e (ii) estimular as instituições participantes da pesquisa a aprimorar suas projeções. A análise baseia-se na literatura desenvolvida na área de torneios e na investigação dos dados disponíveis na pesquisa de expectativas e na premiação Top 5. Encontra-se alguma evidência de heterogeneidade entre os participantes da pesquisa, que pode estar relacionada tanto a características intrínsecas de cada instituição com relação à habilidade quanto ao nível de esforço e estratégia escolhidos.

Contracting with repeated moral hazard and private evaluations

A repeated moral hazard setting in which the Principal privately observes the Agent’s output is studied. It is shown that there is no loss from restricting the analysis to contracts in which the Agent is supposed to exert effort every period, receives a constant efficiency wage and no feedback until he is fired. The optimal contract for a finite horizon is characterized, and shown to require burning of resources. These are only burnt after the worst possible realization sequence and the amount is independent of both the length of the horizon and the discount factor (δ). For the infinite horizon case a family of fixed interval review contracts is characterized and shown to achieve first best as δ → 1. The optimal contract when δ << 1 is partially characterized. Incentives are optimally provided with a combination of efficiency wages and the threat of termination, which will exhibit memory over the whole history of realizations. Finally, Tournaments are shown to provide an alternative solution to the problem.

Essays in applied microeconomics

Esta tese é composta de três artigos. No primeiro artigo, ``Risk Taking in Tournaments", é considerado um torneio dinâmico no qual jogadores escolhem como alocar seu tempo em atividades que envolvem risco. No segundo artigo, ``Unitização de Jazidas de Petróleo: Uma Aplicação do Modelo de Green e Porter" é analisado a factibilidade de se haver um acordo de cooperação em um ambiente de common-pool com incerteza nos custos das empresas. No terceiro artigo, ``Oilfield Unitization Under Dual Fiscal Regime: The Regulator Role over the Bargaining", por sua vez, é estudado a unitização quando existem dois regimes fiscais distintos, como os jogadores se beneficiam disso e o papel do regulador no regime de partilha.

Asymmetric auctions and risk aversion within independent private valoues

We study tournaments with many ex-ante asymmetric (heterogeneous) contestants as an independent-private-values all-pay auction. The asymmetry is either with respect to the distribution of valuations for the prize or the risk preferences. By characterizing equilibria in tnonotone strategies we show that tournaments \:vith man~y heterogenous contestants are qualitatively distinct. First, with two (or many ex-ante identical) participants, a contestant always exerts some effort with positive probability. In contrast, with many asymmetric participants, one 1night not exert any effort at all, even if there is a positive probability that he has the highest valuation among ali. Second, in tournan1ents with t'wo (o r n1any ex-ante h01nogenous) contestants, equilibrium effort densities are decreasing. This prediction is at odds with experimental evidence that shows the empírica! density might be increasing at high effort levels. V\.lith rnany heterogeneous contestants, however. the increasing bid density is consistent with an equilibrium behavior.

Utilização do modelo de potência crítica para avaliação da capacidade aeróbia e anaeróbia em protocolo específico para o tênis de mesa

Pós-graduação em Ciências da Motricidade - IBRC

Futebol brasileiro: uma análise comparativa das fórmulas de disputa do campeonato brasileiro da série A nos últimos 15 anos (1995-2010)

In Brazil, the football is more than just a sport, it's a passion and part of country's DNA almost a century ago. By this prerogative the club national championship, nowadays known as Brazilian Championship and organized by Brazilian Football Confederation, it is a mark in this modality. During the soccer history, were made several changes of nomenclature, rules and dispute mode, that generated many controversies, contributing for discussing about credibility of the championship. There were many changes about dispute mode, alternating the mixed mode (eliminatory + classificatory and vice versa) and a dispute mode based on classification. This research aimed to described and to analyzed the changes that have occurred in dispute types of the Brazilian Championship, series A, in the last 15 years (1995 to 2010). It was analyzed each edition, with data like average of public, matches and participants number, period that the championship was conducted, beyond the dispute mode. In the last 15 years, have been used five different types and it was observed that the current mode to consecutive points is the most appropriate, because this mode showed the best public average, greater coherence to elect the competition champion and this mode also encouraged the clubs about planning, organization and professional management. This issues contributed to a significant improvement in quality of Championship

Possibilidades de organização de campeonatos de basquetebol e voleibol sub 1,80m masculino

Currently in the sports world, one of the prerequisites imposed by the organizers of sports sieves (selection of athletes) is the height, it becomes increasingly essential to play in clubs and teams worldwide. We noticed that teams base categories also suffer greatly from this height limitation. The objective of this research is to investigate the opinion of coaches, former coaches, players and former players and basketball players and volleyball on that possibility, or what to think about creating sub 1.80 m championships in men's tournaments. . This is a study of the qualitative and descriptive conducted with athletes and coaches volleyball and basketball courts, 6 volleyball players, six basketball players, volleyball players and a coach second technical basketball. We had the result of this work three main parameters: If athletes and coaches are in favor or not the creation of leagues, if there is any form of prejudice with the low in basketball and volleyball and opinions about the players lower in basketball and volleyball. Small players adhered to the idea of creating the league, high players were divided in high response and the coaches agreed saying that it grows with the Sports. Next step is the implementation, planning for these championships to assess the real possibilities of success of this initiative.

A formação profissional e a aplicação dos modelos de periodização do treinamento desportivo, por treinadores de judô de atletas de elite

Pós-graduação em Ciências da Motricidade - IBRC

Essays on Personnel Economics and Gender Issues

This thesis consists of four self-contained essays in economics. Tournaments and unfair treatment. This paper introduces the negative feelings associated with the perception of being unfairly treated into a tournament model and examines the impact of these perceptions on workers’ efforts and their willingness to work overtime. The effect of unfair treatment on workers’ behavior is ambiguous in the model in that two countervailing effects arise: a negative impulsive effect and a positive strategic effect. The impulsive effect implies that workers react to the perception of being unfairly treated by reducing their level of effort. The strategic effect implies that workers raise this level in order to improve their career opportunities and thereby avoid feeling even more unfairly treated in the future. An empirical test of the model using survey data from a Swedish municipal utility shows that the overall effect is negative. This suggests that employers should consider the negative impulsive effect of unfair treatment on effort and overtime in designing contracts and determining on promotions. Late careers in Sweden between 1970 and 2000. In this essay Swedish workers’ late careers between 1970 and 2000 are studied. The aim is to examine older workers’ career patterns and whether they have changed during this period. For example, is there a difference in career mobility or labor market exiting between cohorts? What affects the late career, and does this differ between cohorts? The analysis shows that between 1970 and 2000 the late careers of Swedish workers comprised of few job changes and consisted more of “trying to keep the job you had in your mid-fifties” than of climbing up the promotion ladder. There are no cohort differences in this pattern. Also a large fraction of the older workers exited the labor market before the normal retirement age of 65. During the 1970s and first part of the 1980s, 56 percent of the older workers made an early exit and the average drop-out age was 63. During the late 1980s and the 1990s the share of old workers who made an early exit had risen to 76 percent and the average drop-out age had dropped to 61.5. Different factors have affected the probabilities of an early exit between 1970 and 2000. For example, skills did affect the risk of exiting the labor market during the 1970s and up to the mid-1980s, but not in the late 1980s or the 1990s. During the first period old workers in the lowest occupations or with the lowest level of education were more likely to exit the labor market than more highly skilled workers. In the second period old workers at all levels of skill had the same probability of leaving the labor market. The growth and survival of establishments: does gender segregation matter? We empirically examine the employment dynamics that arise in Becker’s (1957) model of labor market discrimination. According to the model, firms that employ a large fraction of women will be relatively more profitable due to lower wage costs, and thus enjoy a greater probability of surviving and growing by underselling other firms in the competitive product market. In order to test these implications, we use a unique Swedish matched employer-employee data set. We find that female-dominated establishments do not enjoy any greater probability of surviving and do not grow faster than other establishments. Additionally, we find that integrated establishments, in terms of gender, age and education levels, are more successful than other establishments. Thus, attempts by legislators to integrate firms along all dimensions of diversity may have positive effects on the growth and survival of firms. Risk and overconfidence – Gender differences in financial decision-making as revealed in the TV game-show Jeopardy. We have used unique data from the Swedish version of the TV-show Jeopardy to uncover gender differences in financial decision-making by looking at the contestants’ final wagering strategies. After ruling out empirical best-responses, which do appear in Jeopardy in the US, a simple model is derived to show that risk preferences, the subjective and objective probabilities of answering correctly (individual and group competence), determine wagering strategies. The empirical model shows that, on average, women adopt more conservative and diversified strategies, while men’s strategies aim for the greatest gains. Further, women’s strategies are more responsive to the competence measures, which suggests that they are less overconfident. Together these traits make women more successful players. These results are in line with earlier findings on gender and financial trading.

El deporte en la Comunidad Japonesa de Colonia Urquiza : Béisbol

Este trabajo es parte de un seguimiento de la cultura y la actividad de la comunidad japonesa de Colonia Urquiza. Se han explorado temas relacionados con lo económico, cultural y social , y de estos últimos, haremos mención, de cómo el deporte tiene una importancia muy especial desde varios aspectos: como actividad física, sociabilidad, disciplina, solidaridad, trabajo en equipo, cooperación, etc. En la Argentina, el deporte más popular es el fútbol, practicado por todas las generaciones, en forma profesional o amateur, siendo común hacerlo como pasatiempo de una reunión o encuentro entre amigos. ;En Colonia Urquiza, los alumnos de la escuela japonesa, practican diversas actividades físicas como parte de la currícula y esparcimiento, lo que los lleva en algunos casos, a ver el deporte en forma profesional, como ocurre con el ping pong y el béisbol. El fútbol y el vóley, convocan a los adolescentes, mientras que el golf, park golf y pesca deportiva a los adultos. ;Focalizaremos nuestra atención en el béisbol (baseball), deporte que en esta comunidad, instalada en un mundo rural, a 20 km de la capital de la provincia de Bs. As., comenzó a tener impulso en la década del ´90, logrando conformar delegaciones nikkei de infantiles en Argentina, para medirse con sus pares en Japón. Cabe mencionar que en Argentina este deporte fue encausándose, logrando conformar la Liga Metropolitana de la Provincia de Buenos Aires, donde hay equipos formados solo por descendientes de japoneses y otros equipos mixtos, y se confrontan en torneos infantiles, prejunior, junior y adultos, con las ligas de las provincias a nivel nacional e internacional. Por lo tanto, pretendemos estudiar la relación de la comunidad con el ambiente y el deporte, los que consideramos vitales en el imaginario de la sociedad nipona

Sobre la evolución de las letras caballerescas en los siglos XVI y XVII

En esta revisión de documentos de los siglos xvi y xvii, que contienen letras caballerescas, proponemos algunas líneas de evolución y desarrollo de esta literatura emblemática desde su recolección y edición en cancioneros de principios del siglo xv, hasta su puesta en escena en elaborados torneos de invención de los siglos xvi y xvii. No pretendemos plantear una hipótesis cerrada e irrefutable, sino apenas abrir caminos de lectura e interpretación de esta particular lyra minima utilizada en la representación de lo caballeresco, que aún está por compilarse y estudiarse

Sobre la evolución de las letras caballerescas en los siglos XVI y XVII

En esta revisión de documentos de los siglos xvi y xvii, que contienen letras caballerescas, proponemos algunas líneas de evolución y desarrollo de esta literatura emblemática desde su recolección y edición en cancioneros de principios del siglo xv, hasta su puesta en escena en elaborados torneos de invención de los siglos xvi y xvii. No pretendemos plantear una hipótesis cerrada e irrefutable, sino apenas abrir caminos de lectura e interpretación de esta particular lyra minima utilizada en la representación de lo caballeresco, que aún está por compilarse y estudiarse

El deporte en la Comunidad Japonesa de Colonia Urquiza : Béisbol

Este trabajo es parte de un seguimiento de la cultura y la actividad de la comunidad japonesa de Colonia Urquiza. Se han explorado temas relacionados con lo económico, cultural y social , y de estos últimos, haremos mención, de cómo el deporte tiene una importancia muy especial desde varios aspectos: como actividad física, sociabilidad, disciplina, solidaridad, trabajo en equipo, cooperación, etc. En la Argentina, el deporte más popular es el fútbol, practicado por todas las generaciones, en forma profesional o amateur, siendo común hacerlo como pasatiempo de una reunión o encuentro entre amigos. ;En Colonia Urquiza, los alumnos de la escuela japonesa, practican diversas actividades físicas como parte de la currícula y esparcimiento, lo que los lleva en algunos casos, a ver el deporte en forma profesional, como ocurre con el ping pong y el béisbol. El fútbol y el vóley, convocan a los adolescentes, mientras que el golf, park golf y pesca deportiva a los adultos. ;Focalizaremos nuestra atención en el béisbol (baseball), deporte que en esta comunidad, instalada en un mundo rural, a 20 km de la capital de la provincia de Bs. As., comenzó a tener impulso en la década del ´90, logrando conformar delegaciones nikkei de infantiles en Argentina, para medirse con sus pares en Japón. Cabe mencionar que en Argentina este deporte fue encausándose, logrando conformar la Liga Metropolitana de la Provincia de Buenos Aires, donde hay equipos formados solo por descendientes de japoneses y otros equipos mixtos, y se confrontan en torneos infantiles, prejunior, junior y adultos, con las ligas de las provincias a nivel nacional e internacional. Por lo tanto, pretendemos estudiar la relación de la comunidad con el ambiente y el deporte, los que consideramos vitales en el imaginario de la sociedad nipona

El deporte en la Comunidad Japonesa de Colonia Urquiza : Béisbol

Este trabajo es parte de un seguimiento de la cultura y la actividad de la comunidad japonesa de Colonia Urquiza. Se han explorado temas relacionados con lo económico, cultural y social , y de estos últimos, haremos mención, de cómo el deporte tiene una importancia muy especial desde varios aspectos: como actividad física, sociabilidad, disciplina, solidaridad, trabajo en equipo, cooperación, etc. En la Argentina, el deporte más popular es el fútbol, practicado por todas las generaciones, en forma profesional o amateur, siendo común hacerlo como pasatiempo de una reunión o encuentro entre amigos. ;En Colonia Urquiza, los alumnos de la escuela japonesa, practican diversas actividades físicas como parte de la currícula y esparcimiento, lo que los lleva en algunos casos, a ver el deporte en forma profesional, como ocurre con el ping pong y el béisbol. El fútbol y el vóley, convocan a los adolescentes, mientras que el golf, park golf y pesca deportiva a los adultos. ;Focalizaremos nuestra atención en el béisbol (baseball), deporte que en esta comunidad, instalada en un mundo rural, a 20 km de la capital de la provincia de Bs. As., comenzó a tener impulso en la década del ´90, logrando conformar delegaciones nikkei de infantiles en Argentina, para medirse con sus pares en Japón. Cabe mencionar que en Argentina este deporte fue encausándose, logrando conformar la Liga Metropolitana de la Provincia de Buenos Aires, donde hay equipos formados solo por descendientes de japoneses y otros equipos mixtos, y se confrontan en torneos infantiles, prejunior, junior y adultos, con las ligas de las provincias a nivel nacional e internacional. Por lo tanto, pretendemos estudiar la relación de la comunidad con el ambiente y el deporte, los que consideramos vitales en el imaginario de la sociedad nipona