Divisionalization and franchising incentives with integral competing units

Michael R. Baye; Keith J. Crocker; Jiandong Ju

doi:10.1016/0165-1765(95)00779-2

Divisionalization and franchising incentives with integral competing units

Michael R. Baye, Keith J. Crocker, Jiandong Ju

Risk Management

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18 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	429-435
Number of pages	7
Journal	Economics Letters
Volume	50
Issue number	3
DOIs	https://doi.org/10.1016/0165-1765(95)00779-2
State	Published - Mar 1996

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/0165-1765(95)00779-2

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title = "Divisionalization and franchising incentives with integral competing units",

abstract = "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.",

author = "Baye, {Michael R.} and Crocker, {Keith J.} and Jiandong Ju",

year = "1996",

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doi = "10.1016/0165-1765(95)00779-2",

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AU - Baye, Michael R.

AU - Crocker, Keith J.

AU - Ju, Jiandong

PY - 1996/3

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N2 - 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.

AB - 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.

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U2 - 10.1016/0165-1765(95)00779-2

DO - 10.1016/0165-1765(95)00779-2

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SP - 429

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JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Divisionalization and franchising incentives with integral competing units

Abstract

All Science Journal Classification (ASJC) codes

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