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We derive Bertrand and Cournot equilibria in a differentiated duopoly in which each firm hires a manager to undertake … types of binding contracts with shareholders, it is a dominant strategy for each firm to choose the delegation contract …
Persistent link: https://www.econbiz.de/10013216688
In a Cournot duopoly, if only one firm hires a manager while the other remains entrepreneurial, the Cournot …
Persistent link: https://www.econbiz.de/10011714068
This paper shows that in a model of managerial delegation in duopoly market structure, if the managers' salary varies …
Persistent link: https://www.econbiz.de/10014030178
We revisit the two-stage duopoly game with strategic delegation and asymmetric technologies of Sen and Stamatopoulos …
Persistent link: https://www.econbiz.de/10011714314
In an extended version of d'Aspremont and Jacquemin's (1988) R&D competition model we find a region where the game is a prisoner's dilemma: firms still invest in R&D but they would obtain a higher profit by not investing at all. In a repeated version of the game, we prove that firms implicitly...
Persistent link: https://www.econbiz.de/10014212777
delegation contract …
Persistent link: https://www.econbiz.de/10014151167
We compare the strategic potential of Corporate Social Responsibility (CSR) and Customer Orientation (CO) as commitments to larger quantities in Cournot competition, modeled as a multi-stage game. First, in addition to profits, firms can choose to care for the surplus of either all consumers...
Persistent link: https://www.econbiz.de/10011539203
We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...
Persistent link: https://www.econbiz.de/10011387393
We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...
Persistent link: https://www.econbiz.de/10013009879
a duopoly model with product differentiation, where firms compete in research and development (R&D) and output . Before …
Persistent link: https://www.econbiz.de/10013240128