Similar Search Results

Our product is unique : a note on a delegation game with differentiated products

Buchen, Clemens; Hartmann, Sven A.; Palermo, Alberto - 2021

We analyze a Cournot duopoly market with differentiated goods and the separation between ownership and control. We … substitutability than it really has. This is so either because managers are biased and perceive the good in this way, or because firms …

Persistent link: https://www.econbiz.de/10012595219

On the (non) existence of a price equilibrium in delegation games with relative performance compensation

Kopel, Michael; Lambertini, Luca - 2012

We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...

Persistent link: https://www.econbiz.de/10011734216

Managerial incentives and stackelberg equilibria in oligopoly

Scrimitore, Marcella - 2010

The paper investigates both quantity and price oligopoly games in markets with a variable number of managerial and …

Persistent link: https://www.econbiz.de/10011524757

Strategic Delegation in Oligopoly

Kopel, Michael - 2016

One objective of this chapter is to provide the reader with a clear and intuitive, but yet rigorous, description of the topic of strategic managerial incentives under oligopolistic competition. We further discuss the closely related issues of vertical separation where a manufacturer delegates...

Persistent link: https://www.econbiz.de/10012994214

Stackelberg social equilibrium in water markets

Houba, Harold; Tomori, Françeska - In: Games 14 (2023) 4, pp. 1-9

applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic … social equilibrium in duopoly water markets with an upstream-downstream river structure and derive it in the example of a … duopoly market. …

Persistent link: https://www.econbiz.de/10014426327

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …

Persistent link: https://www.econbiz.de/10009771871

Cournot's oligopoly equilibrium under different expectations and differentiated production

Grisáková, Nora; Štetka, Peter - In: Games 13 (2022) 6, pp. 1-17

competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … model closer to real market conditions. The main objective was to expand the Cournot duopoly and add another firm, resulting … operators in Slovakia was selected as a real market case with accessible data on an oligopoly with three companies and partial …

Persistent link: https://www.econbiz.de/10014418202

Strategic Delegation in Procurement

Alonso-Paulí, Eduard - 2018

In a firm organized into business units, we show when profitability increases if procurement is delegated to the division in charge of production. We highlight that our results are driven by the business unit having a different objective function than Headquarters. The profitability of...

Persistent link: https://www.econbiz.de/10012928276

Delegating Innovation Projects with Deadline : Committed versus Flexible Stopping

Rahmani, Morvarid; Ramachandran, Karthik - 2020

In many contexts such as product design and development, advertising, or scouting for technical solutions, clients seek the expertise of external providers to generate innovative solutions for their business problems. Since innovation projects are beset with uncertainty, they often require...

Persistent link: https://www.econbiz.de/10014034477

Endogenous Timing in Pollution Control : Stackelberg Versus Cournot-Nash Equilibria

Heugues, Melanie - 2011

In the framework of international cooperation on climate change to control greenhouse gas emissions (GHG), this paper aims to shed new light on the eventuality of the emergence of a country (or a group of countries) behaving as a leader in the implementation of its environmental policy. The...

Persistent link: https://www.econbiz.de/10014185193