Results 51 to 60 of about 2,280,315 (226)
Cross‐Ownership and Endogenous R&D Risk in Cournot Triopoly
ABSTRACT We examine how cross‐ownership influences firms' endogenous R&D risk‐taking in a Cournot triopoly, where two “insider” firms hold passive equity stakes in each other, and a third firm remains unaffiliated. Firms invest in stochastic R&D that lowers marginal costs and choose their risk level—measured by outcome variance—prior to quantity ...
Mingqing Xing, Ally Quan Zhang
wiley +1 more source
ABSTRACT This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time‐consistent emission tax policies. It reveals that when environmental performance (EP) incentives prevail, sales performance (SP) incentives depend on the emission tax type and competition ...
Lili Xu, Yuntong Yin, Sang‐Ho Lee
wiley +1 more source
Strategic delegation and risk‐taking in R&D: Partial delegation versus full delegation
Abstract We examine firm's risk‐taking decisions in R&D under two different delegation strategies between partial delegation (PD) and full delegation (FD): FD authorizes both quantity and R&D risk but PD only authorizes quantity. Cournot firms under the FD set higher profit weights at the expected value of cost realization, which can lessen competition,
Mingqing Xing, Sang‐Ho Lee
wiley +1 more source
Strategic environmental corporate social responsibility in a vertically differentiated duopoly
Abstract We investigate firms' strategic incentives to adopt environmental corporate social responsibility (ECSR) in the presence of quality–cost differences within a vertically differentiated duopoly. We find that (i) the low‐quality firm chooses a higher (lower) ECSR level than the high‐quality firm when the low‐quality firm has a relatively more ...
Mingqing Xing, Sang‐Ho Lee
wiley +1 more source
Blockchain for the Arts and Humanities
ABSTRACT As born‐digital cultural materials proliferate, the arts and humanities require infrastructures that guarantee provenance, authenticity, and equitable access. This paper delivers a comprehensive, critical survey of blockchain's potential and limits across the sector.
James O'Sullivan
wiley +1 more source
Asymmetric Information With Multiple Risks: The Case of the Chilean Private Health Insurance Market
ABSTRACT We extend the Rothshild and Stiglitz (1976) model to two sources of risk –inpatient and outpatient risk– to better proxy real‐world health insurance markets. We uncover an interesting theoretical possibility: Take individuals A and B, who are low risks in, say, the inpatient dimension but A is riskier in the outpatient dimension.
Dolores de la Mata +3 more
wiley +1 more source
ABSTRACTThis paper analyzes how the foreign penetration affects China’s environment policy in a mixed oligopoly framework, and gets several interesting conclusions. First, our result shows that government should strengthen the degree of environmental policy along with increasing proportion of domestic ownership of multinational firms.
Qin Yang, Wenyuan Sun, Hongjin Xiang
openaire +1 more source
Privatization and Government's Preference under Mixed Oligopoly: A Generalization [PDF]
In this paper, we generalize Kato's (Economics Bulletin, 2008) model by allowing many private firms in the mixed oligopoly setting, rather than the mixed duopoly framework of Kato (2008).
Kangsik Choi
core
Spatial price competition and buyer power in the U.S. beef packing industry
Abstract We develop a spatially‐explicit model of the U.S. beef packing industry to study key questions related to competition in an oligopsony setting. Cattle supplies are modeled at the county level, and packing plants' location, capacity, and ownership are taken as given. Packers procure negotiated cattle by competing in prices in each local (county)
GianCarlo Moschini, T. Jake Smith
wiley +1 more source
Innovation and Competition in a Mixed Oligopoly
espanolConsideramos un oligopolio mixto donde las empresas deciden las cantidades que produciran y donde las empresas pueden innovar para reducir su coste marginal de produccion.
Marc Escrihuela‐Villar, Jorge Guillén
semanticscholar +1 more source

