Showing 1 - 5 of 5
In this paper, we propose a unified framework allowing to report the most recent developments in price discrimination literature. These latest developments in price discrimination literature. These latest developments share the common feature of relaxing the assumptions underlying the canonical...
Persistent link: https://www.econbiz.de/10005065857
When a firm undertakes activities which are risky for the environment, the conflict between social and private incentives to exercise safety care requires imposing fines in case a damage occurs. Introducing asymmetric information on the firm's wealth, we show that the fines and probabilities of...
Persistent link: https://www.econbiz.de/10010852289
Despite its great prevalence in practice, competition through whole schedules of prices as function of quantities remains largely unexplored. To deal with this question, the multiprincipal incentive theory is exploited to build a theoretical model of oligopolistic competition which is fitted to...
Persistent link: https://www.econbiz.de/10005065676
This article departs from the classical Incentive Theory and his Grand Contrat approach by allowing a common agent to contract with multiple principals, each one controlling one agent's activity through a non linear tarification. In this framework, the Revelation Principle has to be replaced by...
Persistent link: https://www.econbiz.de/10005066020
We analyze contracting between an innovator endowed with an idea and a project developer. The innovator has private information about the value of his idea, whereas the developer must exert some non-verifiable effort at the development stage. The developer may also threaten to leave the...
Persistent link: https://www.econbiz.de/10010898122