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- W4206988411 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." @default.
- W4206988411 created "2022-01-26" @default.
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- W4206988411 date "2022-04-01" @default.
- W4206988411 modified "2023-10-09" @default.
- W4206988411 title "Firms' ownership, employees’ altruism, and product market competition" @default.
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- W4206988411 doi "https://doi.org/10.1016/j.econmod.2022.105774" @default.
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