Munich Personal RePEc Archive  Bonus, effort, costs, market size
and teams' performance  Papahristodoulou, Christos (2009):
Bonus, effort, costs, market size and teams' performance.
Download (428Kb) | Preview   This paper examines the effects of
a win bonus, effort, costs and team size, on the demand for
talented players, the win percentage and the profits of small
and big teams. Teams play a Cournot game, under the following
objective functions: (i) teams maximize profits, (ii) teams
maximize win percentage, (iii) the small team maximizes profit
and the big win percentage, and (iv) vice versa. The effects are
based on a priori selected parameter values and bounds, as well
as from optimal solutions of non-linear programs, by maximizing
anyone of the four win percentage formulae, derived from the
respective Cournot reaction functions.  MPRA is a RePEc service
hosted by the Munich University Library in Germany.