We study a duopoly on a market with horizontal differentiation where firms compete in catalog : firms choose a price and a location in the consumer? space. Whereas there is no equilibrium in pure strategy for the simultaneous game, we show that an equilibrium always exists in a sequential...

We study the stockholder-manager relationship in a firm when an illicit strategy can be followed. We derive the optimal compensation offered by the firm and examine how it affects the ceo?s action. We then discuss the optimality of stock-options or free-stocks. Moreover, we analyze the link...