We examine how revenue-sharing and profit-sharing stakes affect price competition intensity under duopoly. Our analysis builds on the framework introduced by Varian (1980) accounts for fundamental asymmetries in terms of cost consumer loyalty. A stake exists when a firm appropriates share its rival’s revenues or profits. For example, marketplace owner that charges third-party seller an ad valor...

the aim of this paper is to identify and analyses the influence of shareholder ownership identity on payout ratio for a panel of iran firms from 2002 to 2008. we found that there is a significant positive correlation between institutional ownership and payout ratio. the relation between payout ratio and individual ownership is negative. the most finding of the study indicates that iranian compa...

extension of the building advance-sale contracts on the one hand, and inadequacy of the provisions of the civil code on protection of  building advance-buyers before making its completion, on the other, consequently causing many problems for people in the community (society), has forced the legislature to pass the building advance-sale code in 2010. the parties of these contracts are called adv...

privatization advocates believe that transfer to private sector increases firm’s performance and value, business environment, and therefore economic growth and welfare improves. in this research, by using the 70 accepted firms in the tehran stock exchange for the period of 2005 to 2009, we investigate the effect of firm’s ownership structure on their value by applying generalized method of mome...

Seller reputation is an important asset because buyers often choose sellers on the basis of their reputation. This is particularly true when the quality of the good or service transacted is hard to measure and the parties cannot perfectly contract on the outcome of the transaction. As a consequence, the seller will be mindful of building and maintaining a good reputation through the information...