Competition And The Strategic Choice Of Managerial Incentives
Download Competition And The Strategic Choice Of Managerial Incentives full books in PDF, epub, and Kindle. Read online free Competition And The Strategic Choice Of Managerial Incentives ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Competition and the Strategic Choice of Managerial Incentives
Author | : Alessandra Chirco |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Competition and the Strategic Choice of Managerial Incentives Book in PDF, Epub and Kindle
We investigate how market competition affects the incentive to adopt a non-profit-maximizing behaviour. The analysis is developed in a strategic delegation framework in which owners delegate output decisions to managers interested in firm's relative performance. We study how the optimal delegation scheme is affected by market concentration and the elasticity of market demand. We prove that the distortion from a profit-maximizing rule decreases as market becomes less concentrated, while it increases as demand becomes more elastic. Finally, we discuss the impact of market competitiveness on the welfare-enhancing ability of delegation contracts.
Competition and the Strategic Choice of Managerial Incentives Related Books
Pages: 0
Pages: 29
Pages: 18
Pages: 274
Pages: 48