Showing 1 - 10 of 16,017
The relationship between competition and performance-related pay has been analyzed in single … competition when aggregated firm data is used. …
Persistent link: https://www.econbiz.de/10010264481
In the economic literature on market competition, firms are often modeled as single decision makers and the internal … can not generally expect that the behavior of teams is equivalent to the behavior of individuals in Cournot competition … theoretical foundation for the unitary player assumption in Cournot competition. We show that this assumption is robust in …
Persistent link: https://www.econbiz.de/10010263110
We study a dynamic model of team production with moral hazard. We show that the players begin to invest effort only shortly before the time limit when the reward for solving the task is shared equally. We explore how the team can design contracts to mitigate this form of procrastination and show...
Persistent link: https://www.econbiz.de/10010286688
shows that tighter transfer-pricing rules may help firms to mitigate competition and to increase their profits and that non …
Persistent link: https://www.econbiz.de/10010275037
Using a large panel data set of German manufacturing establishments, this paper investigates the impact of competition … on training incidence as well as on the number of trained workers. According to theory, one would expect a negative … relationship between product market competition and firms' incentives to invest in employees' general skills (Gersbach and …
Persistent link: https://www.econbiz.de/10010264712
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …
Persistent link: https://www.econbiz.de/10010276122
-pay duopolies, but places private-pay teams at a competitive disadvantage in mixed duopolies. Competition is softened by …
Persistent link: https://www.econbiz.de/10011580502
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012606279
This paper shows the strategic aspects of international outsourcing in a duopolistic market. Due to different costs of integrated production and outsourcing, the choice of a firm influences the strategy of the competitor via the output price. Therefore, the resulting market constellation depends...
Persistent link: https://www.econbiz.de/10010303910
In view of the uncertainty over the ability of merging firms to achieve efficiency gains, we model the post-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity's final cost. At the Bayesian equilibrium, a bilateral merger is profitable provided...
Persistent link: https://www.econbiz.de/10011324950