Diaye, Marc-Arthur; Hili, Amal; Lahmandi-Ayed, Rim - Centre d'Études des Politiques Économiques (EPEE), … - 2012
A theoretical model is considered in a monopoly setting, where the production cost of the firm depends on the efforts of employees who may receive a positive part of the capital if the shareholders find profitable to do so. We specify the condition under which at Nash equilibrium the firm...