Article ID Journal Published Year Pages File Type
9549458 Economics Letters 2005 6 Pages PDF
Abstract
We analyze the cyclicity of pricing by managers with stock-based or with profit-based compensation in a market with stochastic, autocorrelated demand development. Since managers with stock-based compensation have a higher incentive to collude, the cyclicity of prices is lower in this case.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Collusion and cyclic pricing by managers in markets with fluctuating demand
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