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Internal Organization of Firms and Cartel Formation
Ortega, Olaizola; Norma, María; Kuipers, Jerome - Departamento de Fundamentos del Análisis Económico I, … - 2004
only known solution that satisfies core stability, strong aggegate monotonicity and null player out property in the class … of balanced games. The SD-prenucleolus is the only known solution that satisfies core stability continuity and is …
Persistent link: https://www.econbiz.de/10009364647
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Strategic Corporate Social Responsibility
Planer-Friedrich, Lisa; Sahm, Marco - 2017 - This version: May 29, 2017
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
Persistent link: https://www.econbiz.de/10011659485
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Silence is golden: communication, silence, and cartel stability
Basuchoudhary, Atin; Conlon, John R. - Volkswirtschaftliche Fakultät, … - 2013
This paper studies how cartel stability is influenced by asymmetric information and communication about demand. Firms … its partners and another where it does not. We show that cartels are extremely unstable when the informed firm … communicates with the uninformed firms. However, when the informed firm does not communicate with the uninformed firms cartels can …
Persistent link: https://www.econbiz.de/10011110577
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Absorbing Sets in Coalitional Systems
Ortega, Olaizola; Norma, María; García, Iñarra; … - Departamento de Economía Aplicada III (Econometría y … - 2001
The purpose of this paper is twofold: First, to present an approach and a solution for analyzing the stability of …
Persistent link: https://www.econbiz.de/10005518745
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An Approach to the stability of international environmental agreements: the absorbing sets solution
Ortega, Olaizola; Norma, María - Departamento de Fundamentos del Análisis Económico I, … - 2003
approach leads to a larger degree of cooperation compared to models based on the internal-external stability approach. …
Persistent link: https://www.econbiz.de/10005518763
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A note on bargaining power and managerial delegation in multimarket oligopolies
Ciarreta Antuñano, Aitor; García Enríquez, Javier; … - Departamento de Fundamentos del Análisis Económico … - 2012
In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). Interestingly, although both games are equivalent in terms of profits under...
Persistent link: https://www.econbiz.de/10011158383
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The citizen-candidate model with imperfect policy control
Aytimur, R. Emre; Boukouras, Aristotelis; Schwager, Robert - Center for European, Governance and Economic … - 2015
We present a modified citizen-candidate model where the implemented policy arises from a compromise between the government and an unelected external power. We show that the two-candidate equilibria of this model differ significantly from the original: however small the cost of candidacy, the...
Persistent link: https://www.econbiz.de/10011252700
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Why does Centralisation fail to internalise Policy Externalities?
Dur, Robert A.J.; Roelfsema, Hein J. - Tinbergen Instituut - 2002
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10011256583
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Strategic delegation and international capital taxation
Brückner, Matthias - Zentrum für Europäische Integrationsforschung (ZEI), … - 2001
The literature on tax competition generally concludes that international coordination of capital taxes among symmetric countries increases tax rates. This paper investigates whether this conclusion also holds in a political economy framework where taxes are set by elected policy makers. It shows...
Persistent link: https://www.econbiz.de/10008614779
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Organizational structure, strategic delegation and innovation in oligopolistic industries
Mitrokostas, Evangelos; Petrakis, Emmanuel - Departament d'Economia, Universitat Jaume I - 2011
We endogenize firms’ organizational structures in a homogenous goods duopoly where firms invest in cost reducing R&D and compete in quantities, and examine their impact on R&D efforts, market performance and social welfare. Each firm’s owner can either delegate to a manager both market...
Persistent link: https://www.econbiz.de/10009385749