Published in:University Ca' Foscari of Venice, Dept. of Economics Research Paper Series ; No. 28
Extent:
1 Online-Ressource (29 p)
Language:
English
DOI:
10.2139/ssrn.1738920
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2010 erstellt
Description:
We analyze the choice of incentive contracts by oligopolistic firms that compete on the product market. Managers have private information and in the first stage they exert cost reducing effort. In equilibrium the standard "no distortion at the top" property disappears and two way distortions are optimal. We extend our analysis to other informational, contractual and competitive settings