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particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now. …
Persistent link: https://www.econbiz.de/10005357507
In this study we model how certification affects managers’ choice of the quality of the nonprofit organizations they … charitable good, one donor, and a certification agency. We assume that the nature of the charitable good does not allow for …
Persistent link: https://www.econbiz.de/10005086643
particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now …
Persistent link: https://www.econbiz.de/10014217191
In this study we model how certification affects managers' choice of the quality of the nonprofit organizations they … charitable good, one donor, and a certification agency. We assume that the nature of the charitable good does not allow for …
Persistent link: https://www.econbiz.de/10014219236
This paper explores a price-setting oligopoly game where labor-managed firms have the option to provide lifetime employment as a strategic commitment. The game unfolds in two stages. In the first stage, each firm independently and simultaneously decides whether to provide lifetime employment as...
Persistent link: https://www.econbiz.de/10015213749
Over the past approximately 30 years, many researchers have examined oligopoly models where firms endogenously select the timing of their action decisions. Therefore, this paper studies a mixed triopoly model featuring competition between a labour-managed firm, a capitalist firm and a...
Persistent link: https://www.econbiz.de/10015214637
This paper examines price-setting duopoly games with production subsidies and shows that the optimal production subsidy, profits and economic welfare are identical irrespective of whether (i) a public firm and a private firm simultaneously and independently set prices, (ii) the public firm acts...
Persistent link: https://www.econbiz.de/10015216187
In this paper we analyze incentives for a potential entrant to get into an oligopolistic Cournot-like market by taking over one of the incumbents and we derive the conditions under which the hostile merger is possible and profitable. The key-feature is that the target of the takeover is...
Persistent link: https://www.econbiz.de/10015216777
We show that when a seller of a di¤erentiated good o¤ers the product allowing consumers an option to pay what they like, then all consumers will never free ride in equilibrium when their valuations of the good are positive, and, under certain conditions, all will consumers would pay. Further,...
Persistent link: https://www.econbiz.de/10015217583
We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...
Persistent link: https://www.econbiz.de/10015217765