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The literature on voluntary disclosure in oligopolies concentrates either on Cournot markets where firms compete in quantities or on Bertrand markets where firms compete in prices. In this paper we study voluntary disclosure of managerial contract information in a Cournot-Bertrand duopoly where...
Persistent link: https://www.econbiz.de/10012831460
We consider a repeated interaction between a manufacturing firm and a subcontractor. The realtionship between the two parties is characterized 1) by moral hazard, 2) by the fact that they do not have perfect knowledge about the base cost level of the project carried out by a subcontractor (the...
Persistent link: https://www.econbiz.de/10014117136
We study a manufacturer's encroachment choice when the retailer's decision to acquire and analyze demand information is costly. Notably, we explicitly take into account that the manufacturer might set such a high wholesale price that the retailer shuts down the indirect channel if demand turns...
Persistent link: https://www.econbiz.de/10013295557