competition. When transfer prices are observable, both firms' headquarters will exclude their marketing division from the external …

output market competition and production externalities. In absence of competition, tidy cost allocations are creating … free rider problem in team production by a profit sharing scheme. Under duopolistic competition, transfer prices are still … the best accounting rule but the solution depends on the nature of competition on the final product market. When firms …

This paper analyzes a mechanism through which product market competition affects allocation of the managerial efforts … reduction (productive effort) and rent protection (unproductive effort). An increase in competition, measured by the number of … identifies the conditions under which product market competition lowers the cost of providing incentives for productive effort …

novel feature is the competition between lenders in their choice of contracts offered. Qualities of investment projects are … themselves across all offered contracts. Competition of banks introduces three possibilities for a breakdown of credit markets …

crucial novel feature is the competition between lenders in their choice of contracts offered. The quality of investment … distribute themselves across all offered contracts. Competition between banks introduces three possibilities for a breakdown of …