English, Article edition: LONG-TERM AND SHORT-TERM CONTRACT IN A MIXED MARKET * AKIRA NISHIMORI; HIKARU OGAWA

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Physical Description
  • article
Language
  • English

Edition details

Title
  • LONG-TERM AND SHORT-TERM CONTRACT IN A MIXED MARKET *
Author
  • AKIRA NISHIMORI
  • HIKARU OGAWA
Physical Description
  • article
Notes
  • With a two-period mixed oligopolistic framework, this paper analyses the interaction between the length of incentive contracts and market behaviour. Assuming an environment in which firms choose either a long-term or short-term contract, we examine how contracts differ between public and private firms. The results show that the contracts would differ completely among firms; public firm prefers to make a short-term contract while private firm makes a long-term contract. Copyright Blackwell Publishing Ltd/​University of Adelaide and Flinders University 2005..
  • RePEc:bla:ausecp:v:44:y:2005:i:3:p:275-289
Language
  • English
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