Some authors have demonstrated the value of egalitarian sharing rules in teams, even when team members have distinct abilities and make different contributions to team performance. However, we show the appearance of an undesirable component of rational altruism when marginal productivities...

The industrial organization literature typically uses different models of strategic interaction to represent different degrees of competitive intensity. The current work shows how the Bertrand solution can converge towards the Cournot solution by modelling the presence of firms' strategic...