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competition is crucial in determining the nature of firm-manager matching as well as the structure of managerial incentive. The … firm-manager market is modeled as a two-sided matching game. If greater competition leads to increasing (decreasing …) returns to cost-reduction, then a firm that faces more intense competition employs a manager with higher (lower) wealth …
Persistent link: https://www.econbiz.de/10010823295
In this paper we consider a simple model of horizontal differentiation and derive the closed form solutions for the level of the variables in the decentralized economy and in the social planner case. This enables us to analyze consumers' welfare as a function of the parameter representing market...
Persistent link: https://www.econbiz.de/10008877006
males, we hypothesize that unique and displayable rewards (trophies) out of competition may trigger male generosity in …
Persistent link: https://www.econbiz.de/10008914261
>The Commission has proposed that its first substantial report could cover reforms in the competition and regulation area, and reforms …
Persistent link: https://www.econbiz.de/10008914839
, airports can - and do - compete with each other and, following the recent decisions by the UK Competition Commission to require … BAA to sell three of its airports, this inter-airport competition looks set to intensify. This paper explores the issues … that should be considered when the regulation sits alongside competition. This paper describes how the investment …
Persistent link: https://www.econbiz.de/10008915918
of competition. The recent developments in the field of Smart Metering and a Smart Grid infrastructure, however, offer …
Persistent link: https://www.econbiz.de/10008915966
There is ample evidence that women do not react to competition as men do and are less willing to enter a competition … understand the underlying motives of women (and men) to enter a competition or avoid it. We use the Big Five personality factors … related to incentives. We can show that the sex di fference in the willingness to enter a competition is mediated by …
Persistent link: https://www.econbiz.de/10008916029
In this paper we consider a simple model of horizontal differentiation and derive the closed form solutions for the level of the variables in the decentralized economy and in the social planner case. This enables us to analyze consumers’ welfare as a function of the parameter representing...
Persistent link: https://www.econbiz.de/10008917411
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10008917865
Received literature have shown that if competing networks are restricted to linear and uniform pricing, high access charges can facilitate collusion; a result that breaks down if we allow for non-linear and discriminatory pricing, however. In this paper we add unbalanced calling pattern to the...
Persistent link: https://www.econbiz.de/10008919566