IDEAS home Printed from https://ideas.repec.org/p/crf/wpaper/06-15.html
   My bibliography  Save this paper

Evaluation des performances relatives, risque et entrée

Author

Listed:
  • J.-D. Guigou

    () (Luxembourg School of Finance, University of Luxembourg)

  • B. Lovat

Abstract

Cet article introduit un problème d'aléa moral avec action cachée dans un cadre de duopole à la Cournot. Nous comparons à l'équilibre les profits nets des entreprises selon que les dirigeants sont évalués sur une base absolue ou relative. Nous montrons, notamment, l'existence d'un seuil d'aversion au risque pour lequel ces profits sont identiques quel que soit le régime incitatif. Nous appliquons ensuite ce résultat à la décision d'entrée.

Suggested Citation

  • J.-D. Guigou & B. Lovat, 2006. "Evaluation des performances relatives, risque et entrée," LSF Research Working Paper Series 06-15, Luxembourg School of Finance, University of Luxembourg.
  • Handle: RePEc:crf:wpaper:06-15
    as

    Download full text from publisher

    File URL: http://www.lsf.lu/eng/content/download/484/2644/file/06-15.pdf
    Download Restriction: no

    More about this item

    Keywords

    Performances relatives; aversion au risque; barrières à l’entrée.;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:crf:wpaper:06-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martine Zenner). General contact details of provider: http://edirc.repec.org/data/sfsculu.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.