Technological change and market structure: an evolutionary approach

Article Abstract:

A study is done on the inter-temporal market context where firms innovate, imitate and compete in quantities and technological choices. Profitable opportunities attract potential entrants. Incumbent firms leave the market if they go bankrupt. The directed graph derived shows the direction of technological change and the magnitude of costs incurred when switching technologies. The study aims to analyze the implications of different technological structures on the evolution of market characteristics and on the dynamics of entry and exit.

Technological innovations, Business-to-business market, Business to business market

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On the relationship between intrinsic and extrinsic work motivation

Article Abstract:

The consideration of intrinsic and extrinsic work motivation may help rationalize diametric results to the principal-agent theory and other observations in managerial compensation. Identified with work ethic or work morale and thus directly linked to performance, intrinsic work motivation can be improved when intrinsic work motivation is made constructive in a positive way. This may involve using financial work incentives instead of culmination and cultivation of discipline.

Motivational Techniques, Management-Productivity, Management Compensation, Management, Usage, Compensation management, Employee motivation, Organizational effectiveness, Sales management, Incentives (Business)

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Entry and managerial incentives

Article Abstract:

A model of industrial market entry and managerial incentives is developed and analyzed. The model assumes a two-period full-information entry mode where firmowners determine incentive schemes for their executives. Results show that incentive plans are conditioned only partly by profit when managers select output decisions. However, when owners and managers bargain for outputs, the incentive plan is based on profits alone.

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