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A product innovation game with managerial delegation

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  • Luciano Fanti
  • Luca Gori

Abstract

This article revisits the works of Lambertini and Rossini (1998) and Bernhofen and Bernhofen (1999) and also extends the analysis to the effects of product innovation in Cournot and Bertrand duopolies with sales delegation.

Suggested Citation

  • Luciano Fanti & Luca Gori, 2017. "A product innovation game with managerial delegation," Discussion Papers 2017/223, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    • Handle: RePEc:pie:dsedps:2017/223
    Note: ISSN 2039-1854
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    File URL: https://www.ec.unipi.it/documents/Ricerca/papers/2017-223.pdf
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    7. Luciano Fanti & Luca Gori & Mauro Sodini, 2017. "Managerial Delegation Theory Revisited," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(4), pages 490-512, June.
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    13. Arjen van Witteloostuijn & Thijs Jansen & Arie van Lier, 2007. "Bargaining over managerial contracts in delegation games: managerial power, contract disclosure and cartel behavior," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(8), pages 897-904.
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    15. Lambertini, Luca & Poddar, Sougata & Sasaki, Dan, 2002. "Research joint ventures, product differentiation, and price collusion," International Journal of Industrial Organization, Elsevier, vol. 20(6), pages 829-854, June.
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    21. Jansen, Thijs & van Lier, Arie & van Witteloostuijn, Arjen, 2007. "A note on strategic delegation: The market share case," International Journal of Industrial Organization, Elsevier, vol. 25(3), pages 531-539, June.
    22. Luca Gori & Luciano Fanti, 2022. "Endogenous codetermination," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(1), pages 272-285, January.
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    25. Kraft, Kornelius, 2001. "Codetermination as a strategic advantage?," International Journal of Industrial Organization, Elsevier, vol. 19(3-4), pages 543-566, March.
    26. Kraft, Kornelius, 1998. "The codetermined firm in oligopoly," Economics Letters, Elsevier, vol. 61(2), pages 195-201, November.
    27. Vickers, John, 1985. "Delegation and the Theory of the Firm," Economic Journal, Royal Economic Society, vol. 95(380a), pages 138-147, Supplemen.
    28. Luciano Fanti & Luca Gori & Mauro Sodini, 2017. "The Bargaining–sales‐delegation Game," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(6), pages 857-889, September.
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    Cited by:

    1. Luciano Fanti & Luca Gori, 2017. "Product innovation and two-part tariff vertical contracts," Discussion Papers 2017/222, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.

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    More about this item

    Keywords

    Duopoly; Product innovation; Sales delegation;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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