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University of Tübingen Working Papers in Economics and Finance >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/48630
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| Title: | | Intrafirm conflicts and interfirm competition  |
| Authors: | | Güth, Werner Pull, Kerstin Stadler, Manfred |
| Issue Date: | | 2011 |
| Series/Report no.: | | University of Tübingen working papers in economics and finance 14 |
| Abstract: | | We study strategic interfirm competition allowing for internal conflicts in each seller firm. Intrafirm conflicts are captured by a multi-agent framework with principals implementing a revenue sharing scheme. For a given number of agents, interfirm competition leads to a higher revenue share for the agents, higher equilibrium effort levels and higher agent utility, but lower profits for the firms. The winners from antitrust policy are thus not only the consumers but also the agents employed by the competing firms. |
| Subjects: | | agency theory strategic interfirm competition revenue sharing |
| JEL: | | C72 L22 M52 |
| Persistent Identifier of the first edition: | | urn:nbn:de:bsz:21-opus-57360 |
| Document Type: | | Working Paper |
| Appears in Collections: | | University of Tübingen Working Papers in Economics and Finance
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