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Persistent link: https://www.econbiz.de/10010500978
cost structures depend upon the buyer's bargaining power (opportunity cost). However, the winning supplier's investments … monopolist buyer. Such investments reduce the suppliers' variable costs of serving the buyer's demand. We show that an auction … mechanism does not always benefit the payment-minimizing buyer, the supply chain, or society. We identify scenarios where the …
Persistent link: https://www.econbiz.de/10014048217
This paper discusses the strategic role of mismatching, where players voluntarily form inefficient teams or forego the formation of efficient teams, respectively. Strategic mismatching can be rational when players realize a competitive advantage (e.g. harming other competitors). In addition, the...
Persistent link: https://www.econbiz.de/10010262295
This paper discusses the strategic role of mismatching, where players voluntarily form inefficient teams or forego the formation of efficient teams, respectively. Strategic mismatching can be rational when players realize a competitive advantage (e.g. harming other competitors). In addition, the...
Persistent link: https://www.econbiz.de/10011313938
We develop a model to show how agency conflicts, free rider effects and monitoring costs interact to affect optimal team size and workers' incentive contracts. Team size increases with project risk, decreases with profitability, and decreases with monitoring costs as a proportion of output. Our...
Persistent link: https://www.econbiz.de/10013031788
We study the incentives that agents have to invest in costly protection against cascading failures in networked systems. Applications include vaccination, computer security and airport security. Agents are connected through a network and can fail either intrinsically or as a result of the...
Persistent link: https://www.econbiz.de/10012972575
This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two … of capacity investment: flexible firm makes decision about general and specific components' capacity and inflexible firm …
Persistent link: https://www.econbiz.de/10013107880
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …
Persistent link: https://www.econbiz.de/10013318769
We study a duopoly where the two price setting firms have symmetric information. The firms produce substitute goods with a state dependent common value. The information that is available to both firms about the unknown state of nature is also available to the consumers, who also have access to...
Persistent link: https://www.econbiz.de/10012985046
Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...
Persistent link: https://www.econbiz.de/10014192105