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We extend the literature on the welfare effects of cost reductions by developing strategic delegation Cournot oligopoly games with $$n$$ n firms, linear cost and demand functions, and sales bonuses. Our method generalizes Zhao (Int J Ind Organ 19:455–469, 2001), and expresses the results in terms of the effects of both small and large cost reductions. We find that the firm exit region with...
A differentiated Cournot duopoly is considered where firm owners delegate the output decision to a manager, who is rewarded on the basis of his performance. If this performance is measured in terms of (i) pure profits, (ii) a combination of profits and sales, (iii) a combination of profits and market share or (iv) relative profits, the latter option strictly dominates the others if the products are...
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