Browsing by Author "Han, Martijn A."

Now showing items 1-4 of 4

2012-10-12Buch

Cartelization Through Buyer Groups

Doyle, Chris; Han, Martijn A.

Retailers may enjoy stable cartel rents in their output market through the formation of a buyer group in their input market. A buyer group allows retailers to credibly commit to increased input prices, which serve to reduce ...
2012-10-12Buch

Private and Public Control of Management

Angelucci, Charles; Han, Martijn A.

This paper investigates the design of a leniency policy to fight corporate crime. We explicitly take into account the agency problem within the firm. We model this through a three-tier hierarchy: authority, shareholder, ...
2012-10-11Buch

Short-Term Managerial Contracts and Cartels

Han, Martijn A.

This paper shows how a series of commonly observed short-term CEO employment contracts can improve cartel stability compared to a long-term employment contract. When a manager’s short-term appointment is renewed if and ...
2012-10-11Buch

Strategic Delegation Improves Cartel Stability

Han, Martijn A.

Fershtman and Judd (1987) and Sklivas (1987) show that strategic delegation reduces firm profits in the one-shot Cournot game. Allowing for infinitely repeated interaction, strategic delegation can increase firm profits ...