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Managerial incentives, innovation and product market competition

Zhang, Zhentang - 2002

This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profit-maximization objective to their...

Persistent link: https://www.econbiz.de/10011436367

Optimal incentive contracts for a worker who envies his boss : presented at CESifo Venice Summer Institute, Workshop on Dissecting Globalization, July 2004

Dur, Robert A. J.; Glazer, Amihai - 2004

his employer. This paper uses a principalagent model to study optimal incentive contracts for envious workers under …

Persistent link: https://www.econbiz.de/10011450877

Evasive reform : informalisation in a liberalised economy with wage-setting unions

Dasgupta, Indraneel; Marjit, Sugata - 2004

We examine the impact of economic deregulation on employer evasion of union-mandated "formal" wage-contracts in an … resources to employer-union conflicts. To moderate such waste, the state must attenuate its role as the enforcer of contracts …

Persistent link: https://www.econbiz.de/10011535035

Strategic delegation and mergers in oligopolistic contests

Kräkel, Matthias; Sliwka, Dirk - 2002

In this paper, we combine the strategic delegation approach of Fershtman-Judd-Sklivas with contets. The results show that besides a symmetric equilibrium there also exist asymmetric equilibria in which one owner induces pure sales maximization to his manager so that all the other firms drop out...

Persistent link: https://www.econbiz.de/10011539675