1,721,002 research outputs found

    Una nota su incentivi manageriali e altruismo in oligopolio

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    This note explores the impact of reciprocal altruism on the equilibrium outcome of a two-stage oligopoly game with managerial frms. The structure of the classical two-stage oligopoly game with managerial incentives with strategic substitutes (quantity competition) generates a typical “distortion” at equilibrium where quantities turn out to be larger than the Cournot-Nash equilibrium ones. This paper shows that when firm owners’ objective functions are defined according to a reciprocal altruism hypothesis, the Cournot outcome of the static game can be achieved despite the two stage structure of the model. This result holds true when the analysis is extended to an N symmetric firms context

    The Theory of the Firm in the Scientific Work of Graziani

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    The analysis of Graziani’s scientific production is a difficult but challenging task. His contributions to numerous areas of economics provide plenty of interesting and stimulating insights. However, the search for a systematic assessment of his work proves to be extremely complex. This turns out to be particularly true for his contributions to fields that have not been at the very centre of his research agenda, as is the case of the theory of the firm. In order to provide a tentative analysis of his contribution in this field, this note presents a rapid overview of Graziani’s critical evaluation of the neoclassical theory of the firm; from his textbook analysis to his critical remark on the design of incentive policies. The note aims at showing that his originality, joint with the full command of the “orthodox” theory, made Graziani capable of providing interesting insights even in this field

    Fallimenti del mercato ed intervento pubblico: un’analisi delle norme e degli standard di qualità

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    La tesi si compone di tre capitoli: nel primo è presentato uno studio critico dei più importanti lavori empirici e teorici sull'analisi economica del comportamento criminale e della corruzione; nei successivi due capitoli sono proposti due modelli economici che analizzano il comportamento di agenti razionali in un mercato in cui è presente un bene con diversi possibili standard di qualità e il possibile intervento regolamentativo da parte dello Stato

    Multi-stage games with sequential choices and the second mover advantage.

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    lavoro presentato al Congresso Annuale EARIE, Berlino, settembre 2004
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