Incentives in Supply Function Equilibrium
Abstract: The author analyses delegation in homogenous duopoly under the assumption that firmmanagers compete in supply functions. He reverses earlier findings in that owners give managers incentives to act in an accommodating way. That is, optimal delegation reduces per-firm output and increases profits to above-Cournot profits. Moreover, in supply function equilibrium, the mode of competition is endogenous. This means that the author avoids results that are sensitive with respect to assuming either Cournot or Bertrand competition.
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource
- Sprache
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Englisch
- Erschienen in
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Incentives in Supply Function Equilibrium ; volume:9 ; number:1 ; year:2015 ; extent:21
Economics / Journal articles. Journal articles ; 9, Heft 1 (2015) (gesamt 21)
- Urheber
- DOI
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10.5018/economics-ejournal.ja.2015-5
- URN
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urn:nbn:de:101:1-2412130951310.880730516976
- Rechteinformation
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
- 15.08.2025, 07:37 MESZ
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