Showing 1 - 10 of 18,020
Persistent link: https://www.econbiz.de/10008842069
This paper characterizes the equilibrium sets of an intrinsic common agency game with discrete types and direct revelation mechanisms. After presenting a general algorithm to find the pure -strategy equilibria of this game, we use it to characterize these equilibria when the two principals...
Persistent link: https://www.econbiz.de/10001624291
Persistent link: https://www.econbiz.de/10001766574
Persistent link: https://www.econbiz.de/10001984350
Persistent link: https://www.econbiz.de/10001857071
Persistent link: https://www.econbiz.de/10001871121
standard price and quantity setting oligopoly models. We then study the relation between the number of joint projects and …
Persistent link: https://www.econbiz.de/10011333896
Persistent link: https://www.econbiz.de/10003911006
The literature on incentive contracting suggests that the optimal performance pay contract depends on a tradeoff between productivity and agency costs. The effect of employee ability on this tradeoff is theoretically ambiguous, as the employee’s private gains (through more sophisticated gaming...
Persistent link: https://www.econbiz.de/10014046699
Persistent link: https://www.econbiz.de/10011577915