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Competition Reduces X-Inefficiency - A Note on a Limited Liability Mechanism

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Author Info
Stennek, J.

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Abstract

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Publisher Info
Paper provided by Stockholm - International Economic Studies in its series Papers with number 599.

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Length: 28 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:fth:stocin:599

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Related research
Keywords: COMPETITION; FINANCIAL MARKET; ENTERPRISES; CREDIT;

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Find related papers by JEL classification:
G30 - Financial Economics - - Corporate Finance and Governance - - - General
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
G39 - Financial Economics - - Corporate Finance and Governance - - - Other

References listed on IDEAS
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  1. Benjamin E. Hermalin., 1991. "The Effects of Competition on Executive Behavior," Economics Working Papers 91-182, University of California at Berkeley.
    Other versions:
  2. Martin Stephen, 1993. "Endogenous Firm Efficiency in a Cournot Principal-Agent Model," Journal of Economic Theory, Elsevier, vol. 59(2), pages 445-450, April. [Downloadable!] (restricted)
  3. Nalebuff, Barry J & Stiglitz, Joseph E, 1983. "Information, Competition, and Markets," American Economic Review, American Economic Association, vol. 73(2), pages 278-83, May. [Downloadable!] (restricted)
  4. Horn, Henrik & Lang, Harald & Lundgren, Stefan, 1994. "Competition, long run contracts and internal inefficiencies in firms," European Economic Review, Elsevier, vol. 38(2), pages 213-233, February. [Downloadable!] (restricted)
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  5. Schmidt, Klaus M, 1997. "Managerial Incentives and Product Market Competition," Review of Economic Studies, Blackwell Publishing, vol. 64(2), pages 191-213, April. [Downloadable!] (restricted)
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  6. Horn, Henrik & Lang, Harald & Lundgren, Stefan, 1995. "Managerial effort incentives, X-inefficiency and international trade," European Economic Review, Elsevier, vol. 39(1), pages 117-138, January. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-12-16.

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