Showing 1 - 10 of 65
In this paper, we consider a knowledge accumulation problem within an organization. We depart from the human capital theory initiated by Becker (1962, 1964) and consider an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We study how...
Persistent link: https://www.econbiz.de/10011183768
A model of location choice by Cournot oligopolists is presented, under the assumption that R&D spillovers depend on the distance between firms. We show that a variety of patterns emerge. Agglomeration is optimal under certain assumptions. Geographical dispersion in a two-dimensional plane is...
Persistent link: https://www.econbiz.de/10005100573
In this paper, we consider an asymmetric polluting oligopoly: firms have different production costs, and their pollution characteristics may also be different. We will demonstrate that, in this case, optimal tax rates per unit of emission are not the same for all firms. We call this property...
Persistent link: https://www.econbiz.de/10005100587
We provide sufficient conditions for existence and uniqueness of a Cournot equilibrium. The contraction mapping approach is used. Equilibrium is characterized in terms of marginal costs. The result is useful for applications to two-stage games, where, in the first stage, firms incur costs to...
Persistent link: https://www.econbiz.de/10005100660
This paper analyzes a class of two-stage Cournot games where rival firms, in the first stage, incur real resource costs in jointly manipulating their marginal costs of production, so as to influence the outcome of game they want to play in the second stage. Marginal costs may be manipulated by...
Persistent link: https://www.econbiz.de/10005100697
We show that the growth of the service sector facilitates outsourcing, or fragmentation of production. Services link production blocks, and allows the breaking up of integrated production. The cost of aggregate service decreases as the number of specialized services increases. A country with a...
Persistent link: https://www.econbiz.de/10005100860
This paper explores several aspects of the vertical relationship between an upstream firm and a number of downstream firms that are Cournot rivals relying on the inputs provided by the upstream firm. We address the following questions: (i) if the upstream firm can charge different prices to...
Persistent link: https://www.econbiz.de/10005100863
We derive emission tax rules that take into account (i) the rent-shifting argument, (ii) the need to mitigate transboundary pollution, (iii) correction for restrictive oligopoly output, and (iv) correction for domestic coordination of outputs. We show that trade liberalization does not...
Persistent link: https://www.econbiz.de/10005100900
We propose a simple model of a partially integrated industry which explicitly takes into account persistent production cost differences across upstream firms, such as one might observe in natural resource industries. The model allows us to highlight the respective roles of strategic...
Persistent link: https://www.econbiz.de/10005100922
We show that goal setting influences effort level, and that an appropriately set goal can enhance performance. We derive an inverted U-shaped relationship between the goal and the effort level. We then extend the model to a two-period framework, and demonstrate that the goal level set for period...
Persistent link: https://www.econbiz.de/10005101021