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Title: Firms' ownership, employees' altruism, and competition
Author: De Chiara, Alessandro
Manna, Ester
Keywords: Motivació del personal
Presa de decisions
Competència econòmica
Employee motivation
Decision making
Issue Date: Apr-2022
Publisher: Elsevier B.V.
Abstract: The paper considers profit-maximizing (or private) firms and socially-concerned (or public) firms that compete against each other on both prices and quality. In this setting, we study how product market competition affects firms' decision to hire altruistic or selfish employees. We show that public firms will always hire altruistic employees, whereas private firms will hire selfish employees only if (i) products are sufficiently differentiated and (ii) they compete against public firms. Lastly, we determine which market configuration is associated with the highest quality and the overall customers' utility. We find that mixed duopoly is more likely to be preferred when product market competition is tougher.
Note: Reproducció del document publicat a:
It is part of: Economic Modelling, 2022, vol. 109, num. 105774, p. 1-16
Related resource:
ISSN: 0264-9993
Appears in Collections:Articles publicats en revistes (Economia)

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