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This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product …
Persistent link: https://www.econbiz.de/10011446211
"Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic … managers to work harder, it also induces them to hide any worsening of the firm's investment opportunities by following largely …-valued while managers hide the bad news to shareholders. We find that a firm-specific compensation package based on both stock and …
Persistent link: https://www.econbiz.de/10003627552
Although stock options are commonly observed in chief executive o±cer (CEO) compensation contracts, there is theoretical controversy about whether stock options are part of the optimal contract. Using a sample of Fortune 500 companies, we solve an agency model calibrated to the company-specific...
Persistent link: https://www.econbiz.de/10003782064
. -- Electricity market modeling ; pumped hydro storage ; strategic storage ; oligopoly ; market power ; Germany ; ElStorM …
Persistent link: https://www.econbiz.de/10003898588
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … oligopoly game. …
Persistent link: https://www.econbiz.de/10008822617
Persistent link: https://www.econbiz.de/10009232772
This paper derives a three stage Cournotoligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10013428414
Persistent link: https://www.econbiz.de/10003482181
Persistent link: https://www.econbiz.de/10013429608
standard oligopoly; above the higher threshold there is a unique equilibrium in which all firms disregard that impact as in …
Persistent link: https://www.econbiz.de/10011715927