This paper centres around the question of ownership of firms and managerial competition and how these affect managers … affected by both ownership and competition since both ownership structure and competition provide bargaining chips to employees …. Ownership provides protections which may improve or dull employees’ incentives for human capital investment. When there is …

constitutions: non-profit cooperatives and outside ownership. In the former, ownership is shared among a group of consumers on a one …

We show that allocation of ownership matters even in a long-term relationship where problems of opportunism are less … severe unless agents are very patient. Ownership structure is chosen to give the agents best incentives to cooperate. The … be minimal. The worst ownership structure of the one-shot game is good in the repeated setting because it provides the …

We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …

consistent. Furthermore, two kinds of asymptotic efficiency of the selected model are proved. Both simulated and real data are …

characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market …