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Baron Diermeier (2006) - Strategic Activism And Nonmarket Strategy (view source)
Revision as of 22:21, 28 February 2011
, 22:21, 28 February 2011no edit summary
Which has the following comparative statics:
*The demand <math>x_D^*\,</math> are strictly increasing in <math>\gamma ,p, x_0\,</math> (the greater the marginal benefit <math>\gamma\,</math>, the more responsive a target <math>p,\,</math>, and the better current practices <math>x_0\,</math>, the higher is demand)
*The demand <math>x_D^*\,</math> are strictly decreasing in <math>\alpha, \beta, \eta\,</math> (the higher costs of a campaign lead to lower demands)
*Reward is increasing in <math>\gamma\,</math> and decreasing in <math>\alpha, \eta\,</math>
*Harm is increasing in <math>\gamma,p\,</math> and decreasing in <math>\eta,\beta\,</math>
