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Other-regarding preferences have been documented in many strategic settings. We provide a model in which the managers of firms in an oligopoly have preferences for both consumer welfare and own income. We find that profit sharing can function as a facilitating practice. Managers must receive a...
Persistent link: https://www.econbiz.de/10011241775
In a best-shot public good, where the provision level is determined by the highest contribution instead of the sum of all contributions, there is potential for waste and underprovision due to coordination failure. These failures are exacerbated when agents are identical because there is no focal...
Persistent link: https://www.econbiz.de/10010866240
<Para ID="Par1">Empirically estimating managerial performance is often quite challenging. Without accurate measurement of managerial output or value added it is difficult to usefully analyze the labor market for managers. This paper uses shot selection between two-point and three-point shots to develop a...</para>
Persistent link: https://www.econbiz.de/10011240901
Persistent link: https://www.econbiz.de/10005052811
Standard economic production theory is the basis for measuring technical efficiency in sports. Using programming or regression models, efficiency is defined as the distance of a given team observation from the technology. In this article, the authors show that the standard measures of efficiency...
Persistent link: https://www.econbiz.de/10009654125
Persistent link: https://www.econbiz.de/10008566203
Regression and linear programming provide the basis for popular techniques for estimating technical efficiency. Regression-based approaches are typically parametric and can be both deterministic or stochastic where the later allows for measurement error. In contrast, linear programming models...
Persistent link: https://www.econbiz.de/10008865091