The Role of Managerial Work in Market Performance: A Monopoly Model with Team Production

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dc.contributor.author Hildenbrand, Andreas de_DE
dc.contributor.author Duran, Mihael de_DE
dc.date.accessioned 2013-12-20 de_DE
dc.date.accessioned 2014-03-18T10:04:18Z
dc.date.available 2013-12-20 de_DE
dc.date.available 2014-03-18T10:04:18Z
dc.date.issued 2013 de_DE
dc.identifier.other 399369015 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-71785 de_DE
dc.identifier.uri http://hdl.handle.net/10900/48039
dc.description.abstract A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a “managerial lemon”. If the team production problem is solved, the employer is a “managerial hotshot”. Both a managerial hotshot and a managerial lemon are found to make profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is lower. However, the employees’ utility level is higher. Whereas the employer has an incentive to improve management capability in principle, the employees have an incentive to keep management capability low. Moreover, the cost of improving management capability may be prohibitively high. Managerial slack can therefore persist. The predicted behavior of the monopolist is grounded in individual behavior under the assumption of utility maximization. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Unternehmensorganisation de_DE
dc.subject.ddc 330 de_DE
dc.subject.other firm organization , market structure , property rights en
dc.title The Role of Managerial Work in Market Performance: A Monopoly Model with Team Production en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 7178 de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 66 de_DE

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