Integración vertical y contratos gerenciales: Herramientas estratégicas en mercados imperfectos

Flavio Jácome Liévano; Andrés Mejía Villa; Karen Mendoza Manjarrés

Integración vertical y contratos gerenciales: Herramientas estratégicas en mercados imperfectos

Flavio Jácome Liévano, Andrés Mejía Villa, Karen Mendoza Manjarrés

Producción: Contribución a una revista › Artículo › revisión exhaustiva

Resumen

This paper analyzes a Bertrand competition model with differentiated goods, in order to determine optimal decisions when the owners can use vertical integration and managerial contracts as strategic tools. The equilibrium results are: i) the owners always delegate control to a manager who is encouraged to be less aggressive in sales; ii) there is no vertical integration when goods are highly homogeneous. iii) social welfare is never the highest that can be achieved.

Título traducido de la contribución	Vertical integration management contracts: Strategic tools in imperfect markets
Idioma original	Español
Páginas (desde-hasta)	127-156
Número de páginas	30
Publicación	Revista de Economia Institucional
Volumen	16
N.º	31
Estado	Publicada - 2014
Publicado de forma externa	Sí

Palabras clave

Bertrand competition
Differentiated goods
Managerial contracts
Nash equilibrium
Vertical integration

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@article{19199c3b3e0b43e997922f2fbe6d2525,

title = "Integraci{\'o}n vertical y contratos gerenciales: Herramientas estrat{\'e}gicas en mercados imperfectos",

abstract = "This paper analyzes a Bertrand competition model with differentiated goods, in order to determine optimal decisions when the owners can use vertical integration and managerial contracts as strategic tools. The equilibrium results are: i) the owners always delegate control to a manager who is encouraged to be less aggressive in sales; ii) there is no vertical integration when goods are highly homogeneous. iii) social welfare is never the highest that can be achieved.",

keywords = "Bertrand competition, Differentiated goods, Managerial contracts, Nash equilibrium, Vertical integration",

author = "Li{\'e}vano, {Flavio J{\'a}come} and Villa, {Andr{\'e}s Mej{\'i}a} and Manjarr{\'e}s, {Karen Mendoza}",

year = "2014",

language = "Espa{\~n}ol ",

volume = "16",

pages = "127--156",

journal = "Revista de Economia Institucional",

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publisher = "Universidad Externado de Colombia",

number = "31",

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TY - JOUR

T1 - Integración vertical y contratos gerenciales

T2 - Herramientas estratégicas en mercados imperfectos

AU - Liévano, Flavio Jácome

AU - Villa, Andrés Mejía

AU - Manjarrés, Karen Mendoza

PY - 2014

Y1 - 2014

N2 - This paper analyzes a Bertrand competition model with differentiated goods, in order to determine optimal decisions when the owners can use vertical integration and managerial contracts as strategic tools. The equilibrium results are: i) the owners always delegate control to a manager who is encouraged to be less aggressive in sales; ii) there is no vertical integration when goods are highly homogeneous. iii) social welfare is never the highest that can be achieved.

AB - This paper analyzes a Bertrand competition model with differentiated goods, in order to determine optimal decisions when the owners can use vertical integration and managerial contracts as strategic tools. The equilibrium results are: i) the owners always delegate control to a manager who is encouraged to be less aggressive in sales; ii) there is no vertical integration when goods are highly homogeneous. iii) social welfare is never the highest that can be achieved.

KW - Bertrand competition

KW - Differentiated goods

KW - Managerial contracts

KW - Nash equilibrium

KW - Vertical integration

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M3 - Artículo

AN - SCOPUS:84919343223

SN - 0124-5996

VL - 16

SP - 127

EP - 156

JO - Revista de Economia Institucional

JF - Revista de Economia Institucional

IS - 31

ER -

Integración vertical y contratos gerenciales: Herramientas estratégicas en mercados imperfectos

Resumen

Palabras clave

Otros archivos y enlaces

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