Recent research shows that in duopolies with strategic delegation, firm owners have an incentive to always share information about managerial compensation contracts.We study how sharing of contract information is affected by the presence of a supplier. We find that under quantity competition, a partial information-sharing equilibrium may occur. Firms that share contract information punish their managers for sales to soften supplier pricing. Mandating information sharing increases total welfare but decreases consumer surplus. Under price competition, firms always want to share managerial contract information. Finally, firm profits can be higher under price competition than under quantity competition.
Studies on information sharing in oligopolies focus on either Cournot or Bertrand markets. We consider a Cournot–Bertrand market where owners provide strategic managerial incentives and can share the details of their compensation contracts. We find that the Cournot firm punishes its manager for sales, whereas the Bertrand firm rewards sales. Both firms share contract information if the firms' products are sufficiently differentiated. However, if product differentiation is low, then either the Cournot firm or the Bertrand firm keeps the contract information private. Mandating information sharing can lead to an increase in consumer and social welfare but harms firms' profits.
Abstract. The goal of the presented pilot project is the creation of a modular interactive online and offline interface on CD which can be used between schools, various information sources and the science community, i.e. actual, new research results should be made available for students from elementary schools to high schools in an uncomplicated – school and age specific – form. At the beginning this interface will be realised using as an example the existing knowledge about the Earth atmosphere followed by other topics like (drinking) water, energy, soil, and raw material etc. The interactive, interface concept “ADLATUS for schools", which is a further development of the scientific DUST-2 CD, however, complements and interrelates for the first time this information with a so called “local, school specific" part – about 20% of the CD storage space will be reserved for that – to be generated according to the “individual" school and environmental conditions in special co-operative teaching and learning teams. For the selected topic the ADLATUS CD will contain global and regional background information, examples for time series data, links, and software (freeware and shareware), especially for an interactive graphic representation of the information. The CD should be updated at least every second year. It will document the results of a direct dynamic interrelationship between the geo-science community, elementary schools and other school types. It will be beneficial for the future of both and other science domains that will follow.Ziel des hier vorgeschlagenen Pilotprojekts ist die Erstellung einer modular aufgebauten interaktiven online und offline Schnittstelle (Interface) auf CD, die Schulen mit verschiedenen Informationsquellen und der Wissenschaftsgemeinschaft verbinden kann und so aktuelle wissenschaftliche Forschungsergebnisse den Schülern von der Grundschule bis hin zum Gymnasium in möglichst einfacher, verständlicher und altersgemäßer Form vermittelt. Dieses Interface soll in einer ersten Stufe am Beispiel unseres Wissens über die Erdatmosphäre realisiert werden, gefolgt von den Themen (Trink)Wasser, Energie, Boden und Rohstoffe. Das interaktive Interface-Konzept “ADLATUS f¨ur Schulen", eine Weiterentwicklung der DUST-2 CD - vorwiegend für die Wissenschaftsgemeinde gedacht – ergänzt und verknüpft zum ersten Mal diese Informationen mit einem “schulspezifischen Lokalteil", für den etwa 20% des CD Speicherplatzes vorgesehen werden, und der von den einzelnen Schulen lehrplanspezifisch, lehrerspezifisch und ortspezifisch in Lehr- und Lernteams selbst “erzeugt" werden soll. Die ADLATUS CD wird zu dem ausgewählten Thema globale und regionale Hintergrundinformationen, Zeitreihendaten, Links, und Software (Shareware oder Freeware) enthalten, insbesondere zur interaktiven graphischen Darstellung der Informationen. Sie soll spätestens alle zwei Jahre auf den neuesten Stand gebracht werden. Sie wird die Ergebnisse einer direkten, dynamischen Wechselwirkung zwischen der Geo-Wissenschaftsgemeinschaft, den Grundschulen und anderen Schultypen dokumentieren und für die Zukunft beider nützlich sein – ebenso für die anderen nachfolgenden Wissenschafts- und Technikbereiche.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.