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We examine how biased financial reports (managed earnings) affect product market competition and how product market … competition affects incentives to bias financial reports in a model with fully rational firms. We find that Cournot competitors …
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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
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Procurement within the NHS is attracting increasing research and policy interest. However, most of the emphasis has been on the buyer (the NHS), with less attention paid to the behaviour of suppliers (often pharmaceutical companies). For medical devices very little is publicly documented about...
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1. Monopoly -- 2. Simultaneous quantity competition -- 3. Simultaneous price competition -- 4. Sequential competition … -- 9. Incomplete information, signaling, and competition -- 10. Networks and switching costs. … detailed answer keys. While most textbooks on industrial organization focus on theory and empirical findings, this textbook …
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