Strategic commitment to pursue a goal other than profit in a Cournot duopoly
AbstractCompetition among profit-seeking firms in an oligopolistic industry inherently generates incentives for firms to commit to maximize a performance metric other than profit. We briefly review the underlying theory, analyze its ramifications in a Cournot duopoly, and consider feasibility constraints from the perspective of strategic management.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40891.
Date of creation: 01 Jul 2012
Date of revision:
Publication status: Published in Gakushuin Economic Papers 2.49(2012): pp. 133-142
oligopolistic competition; strategic commitment; strategic delegation;
Find related papers by JEL classification:
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-03 (All new papers)
- NEP-BEC-2012-09-03 (Business Economics)
- NEP-COM-2012-09-03 (Industrial Competition)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Florian Englmaier, 2011.
"Commitment in R&D tournaments via strategic delegation to overoptimistic managers,"
Managerial and Decision Economics,
John Wiley & Sons, Ltd., vol. 32(1), pages 63-69, January.
- Englmaier, Florian, 2010. "Commitment in R&D Tournaments via Strategic Delegation to Overoptimistic Managers," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 328, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Thomas Gehrig & Werner Güth & René Levínský, 2003.
"The commitment effect in belief evolution,"
Papers on Strategic Interaction
2003-17, Max Planck Institute of Economics, Strategic Interaction Group.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.