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Stock Options and the Strategic Use of Managerial Incentives

✍ Scribed by David Reitman


Book ID
125661666
Publisher
American Economic Association
Year
1993
Tongue
English
Weight
336 KB
Volume
83
Category
Article
ISSN
0002-8282

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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