Abstract
The introduce managerial delegation into Pal's (1998) model and examine the impact of the introduction of managerial delegation on endogenous timing in a mixed duopolistic model for differentiated goods. We show that a public firm and a private firm choose quantities sequentially in the equilibrium of our model. Thus, we find that the Pal's (1998) results are robust against managerial delegation.
Original language | English |
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Journal | Economics Bulletin |
Volume | 12 |
Issue number | 27 |
Publication status | Published - 2007 Oct 19 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)