...
首页> 外文期刊>The Manchester school >PRIVATE AND SOCIAL GAINS IN DELEGATION AND SEQUENTIAL GAMES WITH HETEROGENEOUS FIRMS
【24h】

PRIVATE AND SOCIAL GAINS IN DELEGATION AND SEQUENTIAL GAMES WITH HETEROGENEOUS FIRMS

机译:具有异类公司的授权和顺序游戏中的私人和社会收益

获取原文
获取原文并翻译 | 示例
           

摘要

We investigate both quantity and price competition in two differentiated oligopolistic frameworks in which firms are heterogeneous with respect to the ownership structure, i.e. managerial firms compete against entrepreneurial firms, or to the timing decisions, i.e. leaders compete against followers. We show the circumstances under which delegation and sequential strategies, shown to be equivalent under unilateral delegation (Vickers, The Economic Journal, Vol. 95 (1985), pp. 138-147), enable firms to out-perform their rivals and create scope for welfare gains. The different effects of changes in market structure and the degree of product substitutability on firms' profitability and social welfare are discussed.
机译:我们在两个不同的寡头垄断框架中研究数量和价格竞争,在这些框架中,公司在所有权结构方面是异质的,即管理公司与创业公司竞争,或在时间决策上,即领导者与跟随者竞争。我们展示了在何种情况下授权和顺序策略在单方面授权下是等效的(Vickers,《经济杂志》,第95卷(1985年),第138-147页),使企业能够超越竞争对手并创造范围为了福利。讨论了市场结构变化和产品替代程度对企业盈利能力和社会福利的不同影响。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号