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Essays on strategyproofness in cooperative production
We study incentive compatible profit-sharing rules when output (or profit) is obtained via the joint use of a technology exhibiting decreasing marginal returns. The incentives compatibility criterion we adopt is that of ...
Capital budgeting models based on constrained profit maximizing and non-profit maximizing behavior
Although economic literature traditionally assumes maximization of total profits to be the only goal of the firm, recently some alternative entrepreneurial motivations have received much attention. Nevertheless, in the ...