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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 …
Persistent link: https://www.econbiz.de/10012469856
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10012458366
general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are …
Persistent link: https://www.econbiz.de/10013191098
We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...
Persistent link: https://www.econbiz.de/10012496143
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
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
We draw upon newly merged administrative data sets to study the relationship between payments from medical technology firms to physicians and medical device procurement by hospitals. These payments (and the interactions that accompany them) may facilitate the transfer of valuable information to...
Persistent link: https://www.econbiz.de/10012794611
The negative income tax proposed by Milton Friedman represents one of the fundamental ideas of modern welfare policy. However, the academic literature has raised two difficulties with it, one challenging its purported work incentives and the other suggesting the possible superiority of work...
Persistent link: https://www.econbiz.de/10012468947
organizations under formal contracts. It draws from the incentives literature, which postulates that managers of firms where …
Persistent link: https://www.econbiz.de/10012469553