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dc.contributor.advisor Dr. Kaniska Dam
dc.creator Robinson Cortés, Alejandro
dc.date.issued 2014
dc.identifier 129105.pdf
dc.identifier.uri http://hdl.handle.net/11651/2509
dc.description.abstract This article analyzes the effect that product market competition has on firms’ incentives to improve their managerial performance. Product market competition is measured with the number of firms, and managerial performance with the manager’s cost-reduction effort of each firm. First, a Cournot oligopoly, in which an arbitrary number of firms compete simultaneously, is analyzed. In this framework, it is found that firms in markets with more competitors have regularly lower managerial performance. Then, the increase in product market competition is analyzed in detail by considering a Stackelberg framework in which an arbitrary number of incumbents foresee the entry of a new firm. The main result of the study is that the managers of incumbent firms increase their cost-reduction efforts in the face of the entry of a firm to the product market, whatever prior level of competition. Therefore, the conclusion points in the direction of the Hicks conjecture: firms increase their managerial performance when product market competition rises.
dc.format application/PDF
dc.language.iso eng
dc.publisher El Autor
dc.rights Con fundamento en los artículos 21 y 27 de la Ley Federal del Derecho de Autor y como titular de los derechos moral y patrimonial, otorgo de manera gratuita y permanente al Centro de Investigación y Docencia Económicas, A.C. y a su Biblioteca autorización para que fije la obra en cualquier medio, incluido el electrónico, y la divulguen entre sus usuarios, profesores, estudiantes o terceras personas, sin que pueda percibir por tal divulgación una contraprestación.
dc.subject.lcsh Competition -- Mathematical models.
dc.subject.lcsh Duopolies -- Mathematical models.
dc.subject.lcsh Oligopolies -- Mathematical models.
dc.title Managerial performance and product market competition: the hicks conjecture reconsidered
dc.type Tesis de maestría
dc.accessrights Acceso abierto
dc.recordIdentifier 000129105
dc.rights.license Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional CC BY-NC-ND
thesis.degree.grantor Centro de Investigación y Docencia Económicas
thesis.degree.name Maestría en Economía
dc.proquest.rights No


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