Showing 1 - 10 of 11,429
Persistent link: https://www.econbiz.de/10011381777
Persistent link: https://www.econbiz.de/10010199749
actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …
Persistent link: https://www.econbiz.de/10010365854
institutional moral hazard in a multi-tiered UI system, and give examples of monitoring methods and incentives to ameliorate such …
Persistent link: https://www.econbiz.de/10011554136
Persistent link: https://www.econbiz.de/10013256599
Persistent link: https://www.econbiz.de/10011673725
Persistent link: https://www.econbiz.de/10011943020
Persistent link: https://www.econbiz.de/10012207399
Persistent link: https://www.econbiz.de/10012301018
The author analyses delegation in homogenous duopoly under the assumption that firm-managers compete in supply … functions. He reverses earlier findings in that owners give managers incentives to act in an accommodating way. That is, optimal … delegation reduces per-firm output and increases profits to above-Cournot profits. Moreover, in supply function equilibrium, the …
Persistent link: https://www.econbiz.de/10010478520