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Communication versus (restricted) delegation : an experimental comparison

Dominguez-Martinez, Silvia; Sloof, Randolph - 2016

find that, in case of delegation, managers (as predicted) put tighter restrictions when interests are less aligned. Workers … appears to be driven by lying aversion of workers nor by credulity of managers. Qualitatively, our results are in line with a …

Persistent link: https://www.econbiz.de/10011520494

Is the service quality of private roads too Low, too high, or just right when firms compete stackelberg in capacity?

Berg, Vincent A. C. van den; Verhoef, Erik T. - 2011 - Version of 13 May 2011

We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...

Persistent link: https://www.econbiz.de/10011386470

Hybrid R&D

Goyal, Sanjeev; Konovalov, Alexander; Moraga-González, … - 2003

standard price and quantity setting oligopoly models. We then study the relation between the number of joint projects and …

Persistent link: https://www.econbiz.de/10011333896

Legal principles in antitrust enforcement

Houba, Harold - 2013 - Revised version: August 2013

challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …

Persistent link: https://www.econbiz.de/10010224778

Penalizing cartels : the case for basing penalties on price overcharge

Katsulakos, Giannēs S.; Motchenkova, Evgenia; Ulph, David - 2014

In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...

Persistent link: https://www.econbiz.de/10010408455