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Commitment and choice of partner in a negotiation with a deadline

✍ Scribed by Vicent Calabuig; Antoni Cunyat; Gonzalo Olcina

Publisher
Springer
Year
2002
Tongue
English
Weight
129 KB
Volume
4
Category
Article
ISSN
1435-5469

No coin nor oath required. For personal study only.

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In a differentiated Cournot duopoly, we examine the contracts that firms' owners use to compensate their managers and the resulting output levels, profits and social welfare. If products are either sufficiently differentiated or sufficiently close substitutes, owners use Relative Performance contrac