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Certification as a Viable Quality Assurance Mechanism: Theory and Suggestive Evidence
Svitkova, Katarina; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2006
particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now. …
Persistent link: https://www.econbiz.de/10005357507
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Prompted to Be Good: The Impact of Certification on the Quality of Charities
Svitkova, Katarina - Center for Economic Research and Graduate Education and … - 2007
In this study we model how certification affects managers’ choice of the quality of the nonprofit organizations they … charitable good, one donor, and a certification agency. We assume that the nature of the charitable good does not allow for …
Persistent link: https://www.econbiz.de/10005086643
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A Nonparametric Test of Strategic Behavior in the Cournot Model
Deb, Rahul; Fenske, James - Volkswirtschaftliche Fakultät, … - 2009
We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...
Persistent link: https://www.econbiz.de/10005078677
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Pay What You Like
Fernandez, Jose; Nahata, Babu - Volkswirtschaftliche Fakultät, … - 2009
We show that when a seller of a di¤erentiated good o¤ers the product allowing consumers an option to pay what they like, then all consumers will never free ride in equilibrium when their valuations of the good are positive, and, under certain conditions, all will consumers would pay. Further,...
Persistent link: https://www.econbiz.de/10005079325
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Downsizing the Labor Force by Low and High Proïfit Firms - An Experimental Analysis1
Güth, Werner; Paul, Christian - Wirtschaftswissenschaftliche Fakultät, … - 2008
One may hope to capture the behavioral and emotional effects of downsizing the labor force in rather abstract settings as an ultimatum game (see Fischer et al. (2008)), or try to explore downsizing in its more natural principal-agent scenario with a labor market background. We pursue the latter...
Persistent link: https://www.econbiz.de/10005090477
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“Matching Auctions” for Hostile Takeovers: A Model with Endogenous Target
Rosato, Antonio - Volkswirtschaftliche Fakultät, … - 2008
In this paper we analyze incentives for a potential entrant to get into an oligopolistic Cournot-like market by taking over one of the incumbents and we derive the conditions under which the hostile merger is possible and profitable. The key-feature is that the target of the takeover is...
Persistent link: https://www.econbiz.de/10005014712
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Cournot Duopoly with Capacity Limit Plants
Tramontana, Fabio; Gardini, Laura; TONU, Puu - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2008
This article considers a Cournot duopoly under an isoelastic demand function and cost functions with built-in capacity limits. The special feature is that each firm is assumed to operate multiple plants, which can be run alone or in combination. Each firm has two plants with different capacity...
Persistent link: https://www.econbiz.de/10004990644
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Indirect Evolution versus Strategic Delegation: A Comparison of Two Approaches to Explaining Economic Institutions
Dufwenberg, Martin; Güth, Werner - Nationalekonomiska Institutionen, Uppsala Universitet - 1998
Two major methods of explaining economic institutions, namely by strategic choices or through (indirect) evolution, are compared for the case of a homogenous quadratic duopoly market. Sellers either can provide incentives for agents to care for sales, or evolve as sellers who care for sales in...
Persistent link: https://www.econbiz.de/10005190456
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Strategic Commitment and International Mixed Competition with Domestic State-owned and Foreign Labor-managed Firms
Ohnishi, Kazuhiro - In: FinanzArchiv: Public Finance Analysis 64 (2008) 4, pp. 458-472
This paper examines an international mixed model in which a domestic state-owned welfare-maximizing public firm competes against a foreign labor-managed income-per-worker-maximizing private firm. In the first stage, each firm independently decides whether or not to make a commitment to capacity....
Persistent link: https://www.econbiz.de/10005823473
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Wage-Rise Contract and Cournot Competition with Labor-Managed Firms
Ohnishi, Kazuhiro - In: Rivista di Politica Economica 97 (2007) 3, pp. 17-32
This paper examines the effectiveness of the wage-rise-contract policy as a strategic commitment in a two-stage quantity-settingmodel with two labor-managed income-per-worker-maximizing firms. The policy is a promise by the firm that it will announce acertain output level and a wage premium...
Persistent link: https://www.econbiz.de/10005824354