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Managerial incentives and firm efficiency in the presence of competition for managers

✍ Scribed by Donald J. Wright


Book ID
117360928
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
203 KB
Volume
21
Category
Article
ISSN
0167-7187

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## Abstract A mixed duopoly setting is examined where a private non‐profit firm (NPO) competes with a private profit‐maximizer. The NPO's stakeholders select a contract for their managers. A novel NPO objective function is utilized which takes into account all the likely returns to the NPO's stakeh