Divisionalization and franchising incentives with integral competing units

被引:15
作者
Baye, MR
Crocker, KJ
Ju, JD
机构
[1] PENN STATE UNIV,DEPT ECON,UNIVERSITY PK,PA 16802
[2] UNIV OKLAHOMA,DEPT ECON,NORMAN,OK 73019
关键词
division; franchise; divestiture; parent firm;
D O I
10.1016/0165-1765(95)00779-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
Existing game-theoretic models of divisionalization and franchising treat each firm's number of competing units as a continuous variable. We account for the integer constraint on divisions, and show that the continuous case reasonably approximates the equilibria of the discrete game.
引用
收藏
页码:429 / 435
页数:7
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