Successive duopoly under moral hazard: Will incentive contracts persist?
The central purpose of this paper is to examine the incentive contract as an equilibrium phenomenon. We analyse a model of vertical differentiation in which we deal with the strategic role of the competitor’s decisions in a successive duopoly. Is it better for a processor to offer an incentive contr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
OmniaScience
2009-07-01
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| Series: | Journal of Industrial Engineering and Management |
| Subjects: | |
| Online Access: | http://www.jiem.org/index.php/jiem/article/view/43 |