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Una nota su incentivi manageriali e altruismo in oligopolio

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  • Riccardo Martina

Abstract

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.

Suggested Citation

  • Riccardo Martina, 2013. "Una nota su incentivi manageriali e altruismo in oligopolio," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2013(110), pages 105-114.
    • Handle: RePEc:fan:steste:v:html10.3280/ste2013-110006
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    References listed on IDEAS

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    1. David K. Levine, 1998. "Modeling Altruism and Spitefulness in Experiment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(3), pages 593-622, July.
    2. Bagwell, Kyle & Wolinsky, Asher, 2002. "Game theory and industrial organization," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 3, chapter 49, pages 1851-1895, Elsevier.
    3. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
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    More about this item

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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