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Strategic reasoning in p-beauty contests

โœ Scribed by Yves Breitmoser


Book ID
116506472
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
753 KB
Volume
75
Category
Article
ISSN
0899-8256

No coin nor oath required. For personal study only.


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## Abstract Owners usually want their managers to maximize profits. As the literature on strategic delegation has shown it may be beneficial to owners to put a positive weight on sales in the optimal linear incentive scheme for managers to make them behave more aggressively in the market. This pape