Schroeder, Elizabeth; Tremblay, Carol Horton; Tremblay, … - In: Games 13 (2022) 2, pp. 1-23
We investigate why a firm might purposefully hire a chief executive officer (CEO) who under- or over-estimates the degree of substitutability between competing products. This counterintuitive result arises in imperfect competition because CEO bias can affect rival behavior and the intensity of...
