Jansen, Thijs; Lier, Arie van; Witteloostuijn, Arjen van - Graduate School of Business and Economics (GSBE), … - 2004
In this paper, we consider a two-stage (sequential) game as introduced by Vickers (1985),Fershtman (1985), Fershtman and Judd (1987) and Sklivas (1987). This game models the situation where the owners of competing firms manipulate their managers'' incentive contracts for strategic reasons....
