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Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

Persistent link: https://www.econbiz.de/10001575505

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - In: Journal of institutional and theoretical economics : JITE 158 (2002) 4, pp. 563-575

Persistent link: https://www.econbiz.de/10001724557

Equilibrium corporate ownership structure with free-riding

Konrad, Kai A. - 1992

Persistent link: https://www.econbiz.de/10000136436

Investment in the absence of property rights; the role of incumbency advantages

Konrad, Kai A. - In: European economic review : EER 46 (2002) 8, pp. 1521-1537

Persistent link: https://www.econbiz.de/10001705089

Investment in the absence of property rights : the role of incumbency advantages

Konrad, Kai A. - 2002

In many situations the indivaduals who can generate some output must enter a contest for appropriating this output. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of...