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On the (non) existence of a price equilibrium in delegation games with relative performance compensation
Kopel, Michael; Lambertini, Luca - 2012
We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...
Persistent link: https://www.econbiz.de/10011734216
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On the collusive nature of managerial contracts based on comparative performance
Delbono, Flavio; Lambertini, Luca - In: Research in economics : an international review of economics 74 (2020) 1, pp. 12-18
Persistent link: https://www.econbiz.de/10012590220
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Strategic delegation under cost asymmetry
Delbono, Flavio; Lambertini, Luca; Marattin, Luigi - 2015
(2015). We show that their conclusions are misled by the restrictive assumption that the extent of delegation to managers is … prisoners dilemma, the unique subgame perfect equilibrium entailing both firms hiring managers. At equilibrium, the more …
Persistent link: https://www.econbiz.de/10011714314
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Inducing leaders to take risky decisions : dismissal, tenure, and term limits
Aghion, Philippe; Jackson, Matthew O. - 2014
Persistent link: https://www.econbiz.de/10010391706
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Strategic delegation and the shape of market competition
Lambertini, Luca - 1997
Persistent link: https://www.econbiz.de/10000958123
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Industry dynamics á la Stackelberg with stochastic capital accumulation
Lambertini, Luca - In: Entrepreneurship, growth, and innovation : the dynamics …, (pp. 23-39). 2006
Persistent link: https://www.econbiz.de/10003330928
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Dynamic oligopoly with capital accumulation and environmental externality
Dragone, Davide; Lambertini, Luca; Palestini, Arsen - In: Dynamic systems, economic growth, and the environment, (pp. 197-214). 2010
Persistent link: https://www.econbiz.de/10003917141
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R&D incentives under Bertrand competition : a differential game
Cellini, Roberto (contributor); Lambertini, Luca (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002419477
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Technology, information and market dynamics : topics in advanced industrial organization
Bianchi, Patrizio (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10001706464
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Non-negative quantity constraints and the duration of punishment
Lambertini, Luca; Sasaki, Dan - In: The Japanese economic review : the journal of the … 53 (2002) 1, pp. 77-93
Persistent link: https://www.econbiz.de/10001743458