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Business Strategy and the Management of Firms
Yang, Mu-Jeung - 2015
secure persistently superior performance via investments in better management and organization. We empirically analyze the …, internal firm organization, performance and innovation, which is representative of the entire Canadian economy. Our empirical … results show that measures of business strategy are strongly correlated with firm performance, both in the cross-section and …
Persistent link: https://www.econbiz.de/10013030140
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Executive Compensation, Strategic Competition, and Relative Performance Evaluation : Theory and Evidence
Aggarwal, Rajesh K. - 2010
and their rivals' performance, we show that there will be an inverse relationship between the magnitude of high …-powered incentives and the degree of competition in the industry. More competitive industries are characterized by weaker pay-performance …
Persistent link: https://www.econbiz.de/10013135269
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Integrated Political Strategy
de Figueiredo, John M. - 2010
This paper reviews the literature on corporate political strategy and identifies a number of open research questions and streams for potential investigation. The paper develops a framework to explain why, when, and how a firm will pursue multi-forum political action as part of its non-market and...
Persistent link: https://www.econbiz.de/10013152560
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Why Tie a Product Consumers Do Not Use?
Carlton, Dennis W. - 2010
This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...
Persistent link: https://www.econbiz.de/10012759900
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A Disaggregate Equilibrium Model of the Tax Distortions Among Assets, Sectors, and Industries
Fullerton, Don - 2010
This paper encompasses multiple sources of inefficiency introduced by the U.S. tax system into a single general equilibrium model. Using disaggregate calculations of user cost, we measure interasset distortions from the differential taxation of many types of assets. Simultaneously, we model the...
Persistent link: https://www.econbiz.de/10012762941
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Strategic Trade Policy When Domestic Firms Compete Against Vertically Integrated Rivals
Rodrik, Dani; Yoon, Chang-Ho - 2021
This paper models the international competition between a domestic firm and its vertically integrated foreign rival. The domestic firm has the choice of developing its own production capability for an intermediate input, or of importing it from the foreign firm at a price set by the latter. In...
Persistent link: https://www.econbiz.de/10013222922
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Strategic Responses to Parallel Trade
Kyle, Margaret K. - 2021
This paper examines how pharmaceutical firms have responded to changes in intellectual property rights and trade barriers that legalized "parallel imports" within the European Union. The threat of arbitrage by parallel traders reduces the ability of firms to price discriminate across countries....
Persistent link: https://www.econbiz.de/10013224433
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The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium
Clarida, Richard - 2021
This paper provides a choice theoretic, general equilibriumaccount of the balance of payments adjustment process and the determinationof national price levels in a world comprised of countries populated byrational households. Balance of payments adjustment dynaniics arise in theequilibrium of...
Persistent link: https://www.econbiz.de/10013231435
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Strategic Information Disclosure : The Case of Multi-Attribute Products with Heterogeneous Consumers
Hotz, V. Joseph; Xiao, Mo - 2021
We examine the incentives for firms to voluntarily disclose otherwise private information about the quality attributes of their products. In particular, we focus on the case of differentiated products with multiple attributes and heterogeneous consumers. We show that there exist certain...
Persistent link: https://www.econbiz.de/10013247290
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Production Targets
Caruana, Guillermo; Einav, Liran - 2021
We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...
Persistent link: https://www.econbiz.de/10013243651