Kopel, Michael; Marini, Marco - Facoltà di Economia, Università degli Studi di Urbino - 2013
The main aim of this paper is to study the propensity of consumer cooperatives (Coops)to use incentive schemes in situations of strategic interaction with profit-maximizing
rms (PMFs). Our model provides a reason why Coops are less prone than PMFs to pay variable bonuses to their managers. We...