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Strategic delegation under cost asymmetry

Delbono, Flavio; Lambertini, Luca; Marattin, Luigi - 2015

(2015). We show that their conclusions are misled by the restrictive assumption that the extent of delegation to managers is … prisoners dilemma, the unique subgame perfect equilibrium entailing both firms hiring managers. At equilibrium, the more …

Persistent link: https://www.econbiz.de/10011714314

Board of director collusion, managerial incentives and firm values

Andergassen, Rainer - 2011

governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …

Persistent link: https://www.econbiz.de/10011734901

R&D incentives under Bertrand competition : a differential game

Cellini, Roberto (contributor); Lambertini, Luca (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002419477

Beyond Illyria : workers' firm in mixed oligopoly

Delbono, Flavio; Lanzi, Diego; Reggiani, Carlo - 2022

We rationalize several facts emerging from the recent empirical research on cooperatives owned by workers (workers' firms, WF) as: the concern of WFs for employment; the interplay between membership and workplace safeguard within WFs; the different reaction to shocks between WFs and...

Persistent link: https://www.econbiz.de/10013162257