contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …

from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …

provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck … of hauls in a way that is consistent with the theory. By contrast, we find that vehicle ownership, which defines a driver …

general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are …

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 …

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …