Mukherjee, Arijit; Tsai, Yingyi - In: The Economic Record 90 (2014) 288, pp. 90-97
type="main" xml:id="ecor12079-abs-0001" <p>This article examines the welfare implications of entry in oligopolistic markets with separation of management from ownership. In the presence of strategic managerial delegation and cost asymmetry, entry is socially insufficient unless the degree of scale...</p>