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Managers often use tournament incentive schemes which motivate workers to compete for the top, compete to avoid the … levels for three tournament incentive schemes: reward tournaments, punishment tournaments, and tournaments combining reward …
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We present a duopoly model of strategic capital accumulation in continuous time with uncertainty, such that investment takes the form of singular control. Spot competition is of Cournot type. For this model there exists a parameterized and Pareto-rankable family of Markov perfect equiblibria in...
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result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …
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This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
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