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Financial Constraints and Moral Hazard : The Case of Franchising
Fan, Ying; Kuhn, Kai-Uwe; Lafontaine, Francine - 2021
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10013315688
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Indirect Taxation in Vertical Oligopoly
Peitz, Martin - 2009
This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax incidence tend to be qualitatively similar to models...
Persistent link: https://www.econbiz.de/10012764392
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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10013144362
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10013136650
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Making the World a Better Place : Consumers' Group Identity in the Markets with Competition and Two-Sided Opportunism
Kanniainen, Vesa - 2016
competition and the group effect support the profits of firms with a high ethical code. Paradoxically, a strong group identity …
Persistent link: https://www.econbiz.de/10012993694
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Two-Sided Markets with Pecuniary and Participation Externalities
Schmidtke, Richard - 2021
point of view perfect competition is not always desirable …
Persistent link: https://www.econbiz.de/10013317490
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Selling Strategic Information in Digital Competitive Markets
Bounie, David - 2018
broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …
Persistent link: https://www.econbiz.de/10012914903
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Price vs. Quantity Competition in a Vertically Related Market Revisited
Basak, Debasmita - 2017
In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics … Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …
Persistent link: https://www.econbiz.de/10012965632
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Market Competition and Lower Tier Incentives
Theilen, Bernd - CESifo - 2008
The relationship between competition and performance-related pay has been analyzed in single … competition when aggregated firm data is used. …
Persistent link: https://www.econbiz.de/10005405811
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On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance
Jacobs, Bas - 2009
This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods of the life-cycle. We allow for completely general...
Persistent link: https://www.econbiz.de/10013155825