Franchisee autonomy fosters system-wide adaptability and outlet-owners’ motivationbut also raises the costs from agency problems present in franchiseefranchisordyads. Advancing upon the understanding of agency issues involved infranchising, we test the argument that chains counterbalance the...

The quadratic scoring rule (QSR) is often used to guarantee an incentive compatibleelicitation of subjective probabilities over events. Experimentalists haveregularly not been able to ensure that subjects fully comprehend the consequencesof their actions on payoffs given the rules of the games....

In this paper we study the nature of incentive contracts and organizational modes in a game where the firms' owners endogenously determine the order of moves at the quantity-setting stage, can choose to delegate the production decision to a manager and write appropriate incentive contracts. It...

We study in a dynamic framework how product innovation activities of a firm are influenced by its production capacity investments for an established product and vice versa. The firm initially has capacity to sell an established product, and it also has the option to undertake an R&D project,...

We introduce a mixed quantity-setting duopoly with a socially concerned firm and a profit-maximizing firm to derive a firms' optimal combination of the organization's type, the structure of managerial compensation and its manager's type. Both firms delegate the quantity choice to managers who...

Im Mittelpunkt der öffentlichen Diskussion um den avisiertenBörsengang der Deutsche Bahn AG steht die Frage, ob das Unternehmenmit oder ohne Schienennetz an die Börse geführt werdensoll. Dabei geht es darum, welche Organisationsform die größtengesamtwirtschaftlichen Vorteile generiert. Die...