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This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models without moral hazard, allocation depends only on firm size...
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contractions. We illustrate the role of synergies in a Cournot oligopoly example with cost reducing R&D. …
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This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
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. -- merger ; asymmetric information ; oligopoly ; single crossing …
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for three specific linear quadratic games - Cournot oligopoly, Keynes' beauty contest and Public good provision - in which …
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This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
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