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This paper considers investment behavior of duopolistic firms subject to technological progress. It is assumed that initially both firms offer a homogeneous product, but after a stochastic waiting time they are able to realize a product innovation. Production capacities of both firms are product...
Persistent link: https://www.econbiz.de/10013085594
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This paper considers investment behavior of duopolistic firms subject to technological progress. It is assumed that initially both firms offer a homogeneous product, but after a stochastic waiting time they are able to implement a product innovation. Production capacities of both firms are...
Persistent link: https://www.econbiz.de/10014148830
Persistent link: https://www.econbiz.de/10003870446
The main aim of this paper is to study the propensity of consumer cooperatives (Coops) to use incentive schemes in situations of strategic interaction with profit-maximizing firms (PMFs). Our model provides a reason why Coops are less prone than PMFs to pay variable bonuses to their managers. We...
Persistent link: https://www.econbiz.de/10011154639
The main aim of this paper is to study the propensity of consumer cooperatives (Coops)to use incentive schemes in situations of strategic interaction with profit-maximizing …rms (PMFs). Our model provides a reason why Coops are less prone than PMFs to pay variable bonuses to their managers. We...
Persistent link: https://www.econbiz.de/10011183213
The main aim of this paper is to derive properties of an optimal compensation scheme for consumer cooperatives (Coops) in situations of strategic interaction with profit- maximizing firms (PMFs). Our model provides a reason why Coops are less prone than PMFs to pay variable bonuses to their...
Persistent link: https://www.econbiz.de/10010897817
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