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Managerial Delegation in a Mixed Duopoly with a Foreign Competitor

Author

Listed:
  • Jorge Fernández-Ruiz

    () (El Colegio de México)

Abstract

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.

Suggested Citation

  • Jorge Fernández-Ruiz, 2009. "Managerial Delegation in a Mixed Duopoly with a Foreign Competitor," Economics Bulletin, AccessEcon, vol. 29(1), pages 90-99.
  • Handle: RePEc:ebl:ecbull:eb-08l10047
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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I1-P8.pdf
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    References listed on IDEAS

    as
    1. Fershtman, Chaim & Judd, Kenneth L, 1987. "Equilibrium Incentives in Oligopoly," American Economic Review, American Economic Association, pages 927-940.
    2. Toshihiro Matsumura, 2003. "Stackelberg Mixed Duopoly with a Foreign Competitor," Bulletin of Economic Research, Wiley Blackwell, vol. 55(3), pages 275-287, July.
    3. repec:ebl:ecbull:v:12:y:2007:i:2:p:1-7 is not listed on IDEAS
    4. Yuanzhu Lu, 2006. "Endogenous Timing in a Mixed Oligopoly with Foreign Competitors: the Linear Demand Case," Journal of Economics, Springer, pages 49-68.
    5. Akira Nishimori & Hikaru Ogawa, 2005. "Long-Term And Short-Term Contract In A Mixed Market ," Australian Economic Papers, Wiley Blackwell, vol. 44(3), pages 275-289, September.
    6. 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 737-743, August.
    7. White, Mark D., 2001. "Managerial incentives and the decision to hire managers in markets with public and private firms," European Journal of Political Economy, Elsevier, vol. 17(4), pages 877-896, November.
    8. 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 267-281, September.
    9. Harvey, Campbell R. & Zhou, Guofu, 1993. "International asset pricing with alternative distributional specifications," Journal of Empirical Finance, Elsevier, vol. 1(1), pages 107-131, June.
    10. 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.
    11. repec:ebl:ecbull:v:12:y:2007:i:27:p:1-7 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Kazuhiro Ohnishi, 2011. "A Quantity-Setting Mixed Duopoly with Inventory Investment as a Coordination Device," Annals of Economics and Finance, Society for AEF, pages 109-119.

    More about this item

    Keywords

    Mixed oligopoly;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise

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