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managers. Employment relations can be either tough (where workers are monitored intensively and obtain few rents, and managers … workplace favor exchange). Both workers and managers also exert effort in providing community benefits. The threat of losing … access to community benefits can motivate managers to keep employment soft; conversely, the threat of losing future …
Persistent link: https://www.econbiz.de/10015056099
This paper analyzes dynamic oligopoly models where investment is the principal strategic variable of interest, there …
Persistent link: https://www.econbiz.de/10014544678
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...
Persistent link: https://www.econbiz.de/10014436971
We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...
Persistent link: https://www.econbiz.de/10014635636
Macroeconomic dynamics are shaped by how individual incentives to spend and accumulate interact with the decisions of others. The goal of this paper is to identify--within a simple large-game-theoretic structure--which types of agent interactions favor which types of dynamic equilibrium...
Persistent link: https://www.econbiz.de/10014635624
I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...
Persistent link: https://www.econbiz.de/10013435148
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following the Alice Corp. vs. CLS Bank International...
Persistent link: https://www.econbiz.de/10013462719
In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and … through insurance plans. This paper provides a quantitative model consistent with the theory and evidence in which pharmacy … benefit management on behalf of insurance plans serves these and other purposes in both monopoly and oligopoly provider …
Persistent link: https://www.econbiz.de/10013334448
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001
schemes - equal sharing, piece rate sharing, and tournament style winner-takes-all - in settings with and without a team …
Persistent link: https://www.econbiz.de/10013388782