to adjust aspiration levels if they cannot be satisfied. -- satisficing behavior ; duopoly ; profit aspiration ; theory …

employed by the competing firms. -- agency theory ; strategic interfirm competition ; revenue sharing …We study strategic interfirm competition allowing for internal conflicts in each seller firm. Intrafirm conflicts are …, interfirm competition leads to a higher revenue share for the agents, higher equilibrium effort levels and higher agent utility …

We study interaction effects between intra-firm conflicts and interfirm competition on a duopolistic market with seller … firms employing one or more agents and implementing tournament incentives. We show that inter-firm competition leads to … ; strategic competition …