Both excludable public goods with non-rivalry and private goods with network externalities have a coordination problem.In this study, we define generalized non-rivalry to investigate coordination mechanisms for both types of goods.We focus on the equal cost-sharing with maximal participation...

Macroeconomic fluctuations such as interest rate and exchange rate can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences depending on the ability of...

Exchange rate and other macroeconomic fluctuations can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences on remuneration depending on the ability of...