Showing 1 - 10 of 15,447
Förderungsauftrages bestätigt Vorteile für die Mitglieder einer Genossenschaft. Darüber hinaus können gewinnmaximierende Unternehmen im … Wettbewerb mit einer Genossenschaft ihre Marktmacht nicht völlig durchsetzen. Im Ergebnis resultieren positive Wohlfahrtseffekte … firm. Therefore a cooperative is neither a single firm nor a group of fully independent entities. In this paper the conduct …
Persistent link: https://www.econbiz.de/10010263001
A worker co-operative is a firm that is owned and managed by those who work in it. This paper provides a selective …
Persistent link: https://www.econbiz.de/10010289913
Mutually beneficial agreements might fail if the parties fear contractual opportunism. Litigation is supposed to be a remedy, but gives scope for another kind of opportunistic behavior which we call litigational opportunism: Even knowing that the opponent has fulfilled his obligations, a party...
Persistent link: https://www.econbiz.de/10010296902
can be withdrawn after observation of competitors' contract offers. We show that an equilibrium always exists where … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained …
Persistent link: https://www.econbiz.de/10010275004
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the …
Persistent link: https://www.econbiz.de/10010276832
This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profit-maximization objective to their...
Persistent link: https://www.econbiz.de/10010260803
– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
Persistent link: https://www.econbiz.de/10010296819
Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...
Persistent link: https://www.econbiz.de/10010296908
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10010297768
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010300396