Showing 1 - 10 of 18,670
Persistent link: https://www.econbiz.de/10011516347
Persistent link: https://www.econbiz.de/10013368321
function competition, irrespective of whether the (duopolistic) products are substitutes, complements, or independent … degree of substitution, then the supply function competition can always be Pareto superior to the quantity competition in … the supply function competition can be Pareto superior to the quantity competition if and only if the size of the demand …
Persistent link: https://www.econbiz.de/10011891023
Persistent link: https://www.econbiz.de/10014526629
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
We investigated the effect of large changes in financial incentives on the process of decision-making by measuring autonomic arousal and visual attention during an incentivized lottery-choice task. High real stakes were accompanied by increased risk aversion and physiological arousal, and by...
Persistent link: https://www.econbiz.de/10013323067
Persistent link: https://www.econbiz.de/10003919102
Persistent link: https://www.econbiz.de/10010412032
variable that induces a smaller degree of competition. The reason is that demand uncertainty and the degree of substitutability …
Persistent link: https://www.econbiz.de/10010383028
-good Bertrand model intensifies competition: it lowers price and raises total surplus (but also makes profits go up). For some … Hansen's results for the relationship between uncertainty and competition in the Bertrand model. Second, it shows that his … reinforces the notion that uncertainty intensifies competition rather than softens it …
Persistent link: https://www.econbiz.de/10013054742