Malcolm Brady
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View article: Sales or Profits? Managerial Decision‐Making in a Duopoly With Symmetric and Asymmetric Costs
Sales or Profits? Managerial Decision‐Making in a Duopoly With Symmetric and Asymmetric Costs Open
The paper examines the performance of firms when managers can choose sales or profit maximization strategies and when costs can be symmetric or asymmetric. Three competitive scenarios are examined: both firms choose profit maximization str…
View article: Asymmetric Horizontal Differentiation under Advertising in a Cournot Duopoly
Asymmetric Horizontal Differentiation under Advertising in a Cournot Duopoly Open
Horizontal differentiation is generally derived from the aggregate utility function and is assumed to be symmetric. However, empirical work suggests that asymmetric horizontal differentiation can exist in practice. This paper examines the …
View article: A Game-Theoretic Model of Strategic Interaction Using Advertising: Simulating the Evolution of the Cournot Nash Equilibrium under Different Competitive Scenarios
A Game-Theoretic Model of Strategic Interaction Using Advertising: Simulating the Evolution of the Cournot Nash Equilibrium under Different Competitive Scenarios Open
This paper examines the behaviour of two firms competing in a duopoly, where firms can influence demand through use of advertising. The paper simulates the strategic interaction of the two firms based on a game-theoretic Cournot analytical…
View article: Intra-Firm Coordination through Rule-Following and the Emergence of Hierarchy
Intra-Firm Coordination through Rule-Following and the Emergence of Hierarchy Open
Rules and rule-following are becoming better understood as decision-making and coordination mechanisms. Further, that hierarchy is an under-appreciated element of natural spontaneous, rule-based, orders has caused confusion. The article ar…
View article: Chester Barnard revisited: spontaneous orders and the firm
Chester Barnard revisited: spontaneous orders and the firm Open
That governance within the firm is deliberate, conscious and hierarchical, based on authority is considered almost axiomatic. Chester Barnard is cited as an early theorist of this view. In this short article we review Barnard's original th…
View article: Ex-post service contract performance management
Ex-post service contract performance management Open
This paper highlights how contract incompleteness can threaten the performance of public procurement facilities management contracts during their implementation stages, based on a multiple case study comprising five public procurement serv…
View article: Ostrom game theory applied to financial services bonuses and policy improvements
Ostrom game theory applied to financial services bonuses and policy improvements Open
Elinor Ostrom’s work on sustaining common-pool resources (CPRs) has had a profound impact on the management of natural resources. It has had very little impact on the regulation of the financial services industry. The purpose of this artic…