Managerial Delegation in a Mixed Duopoly with a Foreign Competitor
We examine firms' decisions to hire managers in a duopoly where a public firm competes with a foreign private firm. In contrast with the case in which the public firm competes with a domestic private firm -where only the private firm decides to hire a manager- we find that both firms hire managers. This leads to a social welfare higher than the one obtained when neither firm hires a manager.
Volume (Year): 29 (2009)
Issue (Month): 1 ()
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- Yuanzhu Lu, 2006.
"Endogenous Timing in a Mixed Oligopoly with Foreign Competitors: the Linear Demand Case,"
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- Yuanzhu Lu, 2005. "Endogenous Timing in a Mixed Oligopoly with Foreign Competitors: the Linear Demand Case," CEMA Working Papers 506, China Economics and Management Academy, Central University of Finance and Economics.
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American Economic Association, vol. 77(5), pages 927-40, December.
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- Fjell, Kenneth & Heywood, John S, 2002. "Public Stackelberg Leadership in a Mixed Oligopoly with Foreign Firms," Australian Economic Papers, Wiley Blackwell, vol. 41(3), pages 267-81, September.
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- repec:ebl:ecbull:v:12:y:2007:i:27:p:1-7 is not listed on IDEAS
- Kenneth Fjell & Debashis Pal, 1996. "A Mixed Oligopoly in the Presence of Foreign Private Firms," Canadian Journal of Economics, Canadian Economics Association, vol. 29(3), pages 737-43, August.
- Barros, Fatima, 1995. "Incentive schemes as strategic variables: An application to a mixed duopoly," International Journal of Industrial Organization, Elsevier, vol. 13(3), pages 373-386, September.
- repec:ebl:ecbull:v:12:y:2007:i:2:p:1-7 is not listed on IDEAS
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