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This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product …
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managers and shareholders upon the control of internal funds, a simple model allows to analyse the link between profit …
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executive officers. However, firms are run by teams of managers, and a theory of the firm should also explain the distribution …
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: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …
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