Oligopolistic Screening and Two-way distortion

We analyze the choice of incentive contracts by olipolistic ?rms that compete on the product market. Managers have private information and in the ?rst stage they exert cost reducing e¤ort. 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.

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Year of publication:	2010-11
Authors:	Etro, Federco ; Cella, Michela
Institutions:	Dipartimento di Economia, Metodi Quantitativi e Strategie d'Impresa (DEMS), Facoltà di Economia
Subject:	oligopoly \| screening \| two way distortion \| incentives \| investments

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 200 28 pages
Classification:	D21 - Firm Behavior ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; L13 - Oligopoly and Other Imperfect Markets ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010901434