Strategic commitment to pursue a goal other than profit in a Cournot duopoly
Competition 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.
|Date of creation:||01 Jul 2012|
|Publication status:||Published in Gakushuin Economic Papers 2.49(2012): pp. 133-142|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- 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.
- Englmaier, Florian, 2011. "Commitment in R&D tournaments via strategic delegation to overoptimistic managers," Munich Reprints in Economics 22011, University of Munich, Department of Economics.
- Heifetz, Aviad & Shannon, Chris & Spiegel, Yossi, 2007. "What to maximize if you must," Journal of Economic Theory, Elsevier, vol. 133(1), pages 31-57, March.
- HEIFETZ, Aviad & SHANNON, Chris & SPIEGEL, Yossi, 2003. "What to maximize if you must," CORE Discussion Papers 2003047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Aviad Heifetz & Chris Shannon & Yossi Spiegel, 2004. "What to Maximize if You Must," Discussion Papers 1414, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Chris Shannon, 2003. "What to Maximize if You Must," Theory workshop papers 658612000000000044, UCLA Department of Economics.
- Aviad Heifetz & Chris Shannon & Yossi Spiegel, 2003. "What to Maximize If You Must," Game Theory and Information 0303002, EconWPA.
- Gehrig, Thomas & Guth, Werner & Levinsky, Rene, 2004. "The commitment effect in belief evolution," Economics Letters, Elsevier, vol. 85(2), pages 163-166, November.
- 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.
- Nolan Miller & Amit Pazgal, 2002. "Relative performance as a strategic commitment mechanism," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(2), pages 51-68. Full references (including those not matched with items on IDEAS)
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