-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those …The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one … of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game …

tournament and a piece-rate pay scheme before performing a real task. Men choose the tournament significantly more often than …

the tournament even further since output tends to become more slipshod. …

. Depending on the treatment, the variable payment is either a piece rate, a tournament or a revenue-sharing scheme. We elicit … findings are as follows. First, output is much higher in the variable pay schemes (piece rate, tournament, and revenue sharing …

in a tournament, but increase individual and total output. If the tournament is optimally designed, welfare is higher if …

assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …