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Competition, Risk and Managerial Incentives
Raith, Michael - 2001
This paper examines how the degree of competition among firms in an industry affects the optimal incentives that firms … changes in the nature of competition lead to changes in the equilibrium market structure. The main result is that as the … intensity of product market competition increases, principals unambiguously provide stronger incentives to their agents to …
Persistent link: https://www.econbiz.de/10014035986
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Tournaments with gaps
Imhof, Lorens; Kräkel, Matthias - 2013
A standard tournament contract specifies only tournament prizes. If agents' performance is measured on a cardinal scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best performing agent must beat the second best to receive the...
Persistent link: https://www.econbiz.de/10010198511
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Producer price risk and quality measurement
Hueth, Brent; Ligon, Ethan - 1998
Persistent link: https://www.econbiz.de/10000986417
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Producer price risk and quality measurement
Hueth, Brent; Ligon, Ethan - In: American journal of agricultural economics 81 (1999) 3, pp. 512-524
Persistent link: https://www.econbiz.de/10001400197
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Moral Hazard and linear contracts : economies with idiosyncratic risks
Citanna, Alessandro - In: Advances in economic design : with 28 tables, (pp. 387-411). 2003
Persistent link: https://www.econbiz.de/10003871862
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Universal banking , competition andn risk in a macro model
Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - 2012
Persistent link: https://www.econbiz.de/10009573435
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Universal banking, competition and risk in a macro model
Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - 2012
Persistent link: https://www.econbiz.de/10009623475
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Universal vs separated banking with deposit insurance in a macro model
Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - 2013
Persistent link: https://www.econbiz.de/10010194378
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Moral hazard, aggregate risk and nominal, linear financial contracts
Chakraborty, Archishman; Citanna, Alessandro - 1999
Persistent link: https://www.econbiz.de/10001430481
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Moral hazard and linear contracts : economies with idiosyncratic risks
Citanna, Alessandro - 2000
Persistent link: https://www.econbiz.de/10001467026