Artikel
CEO bias and product substitutability in oligopoly games
We investigate why a firm might purposefully hire a chief executive officer (CEO) who under- or over-estimates the degree of substitutability between competing products. This counterintuitive result arises in imperfect competition because CEO bias can affect rival behavior and the intensity of competition. We lay out the conditions under which it is profitable for owners to hire biased managers. Our work shows that a universal policy that effectively eliminates such biases need not improve social welfare.
- Sprache
-
Englisch
- Erschienen in
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Journal: Games ; ISSN: 2073-4336 ; Volume: 13 ; Year: 2022 ; Issue: 2 ; Pages: 1-23 ; Basel: MDPI
- Klassifikation
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Wirtschaft
- Thema
-
behavioral economics
Bertrand model
Cournot model
Cournot-Bertrand model
firm objectives
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schroeder, Elizabeth
Tremblay, Carol Horton
Tremblay, Victor J.
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
-
2022
- DOI
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doi:10.3390/g13020028
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Schroeder, Elizabeth
- Tremblay, Carol Horton
- Tremblay, Victor J.
- MDPI
Entstanden
- 2022
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