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MIXED MARKET (mixed + market)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

STRATEGIC INVESTMENT IN A NEW MIXED MARKET WITH LABOR-MANAGED AND PROFIT-MAXIMIZING FIRMS

METROECONOMICA, Issue 4 2008
Article first published online: 1 AUG 200, Kazuhiro Ohnishi
ABSTRACT This paper examines a continuous-time mixed model of the strategic investment decisions of a labor-managed income-per-worker-maximizing firm and a profit-maximizing firm in a new mixed market and constructs a set of perfect equilibria of the continuous-time mixed model. The paper shows that there exists a particular equilibrium in which neither firm invests to its steady-state reaction curve. The paper also finds that the existence of the particular equilibrium depends on each firm's being able to respond quickly to its rival's investment and that the particular equilibrium is profitable for each firm. [source]

THE EFFECTS OF ORGANIZATIONAL FORM IN THE MIXED MARKET FOR FOSTER CARE

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 2 2010
Jeremy Thornton
ABSTRACT,:,This paper uses proprietary quality of care data to examine the consequences of organizational form in privatized US foster care services. The contract failure hypothesis generically proposes that nonprofits should provide higher quality services, relative to for-profits, when output is costly to observe. Advocates argue that the nonprofits offer important consumer protections when public services are contracted to private agencies. Contrary to expectations, we find that nonprofit firms do not offer higher quality services. We explore the possibility that monitoring efforts by state regulators or competition among foster care agencies effectively mitigate the influence of organizational form in this particular mixed market. [source]

STRATEGIC INVESTMENT IN A NEW MIXED MARKET WITH LABOR-MANAGED AND PROFIT-MAXIMIZING FIRMS

METROECONOMICA, Issue 4 2008
Article first published online: 1 AUG 200, Kazuhiro Ohnishi
ABSTRACT This paper examines a continuous-time mixed model of the strategic investment decisions of a labor-managed income-per-worker-maximizing firm and a profit-maximizing firm in a new mixed market and constructs a set of perfect equilibria of the continuous-time mixed model. The paper shows that there exists a particular equilibrium in which neither firm invests to its steady-state reaction curve. The paper also finds that the existence of the particular equilibrium depends on each firm's being able to respond quickly to its rival's investment and that the particular equilibrium is profitable for each firm. [source]

THE EFFECTS OF ORGANIZATIONAL FORM IN THE MIXED MARKET FOR FOSTER CARE

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 2 2010
Jeremy Thornton
ABSTRACT,:,This paper uses proprietary quality of care data to examine the consequences of organizational form in privatized US foster care services. The contract failure hypothesis generically proposes that nonprofits should provide higher quality services, relative to for-profits, when output is costly to observe. Advocates argue that the nonprofits offer important consumer protections when public services are contracted to private agencies. Contrary to expectations, we find that nonprofit firms do not offer higher quality services. We explore the possibility that monitoring efforts by state regulators or competition among foster care agencies effectively mitigate the influence of organizational form in this particular mixed market. [source]