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differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …
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in our model the first firm still has incentive to choose Stackelberg rather than Cournot competition …
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This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents who have private information on their ability. Two heterogenous firms - characterized by vertical, respectively horizontal,...
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