The author analyses delegation in homogenous duopoly under the assumption that the firm-managers compete in supply … functions. In supply function equilibrium, managers' decisions are strategic complements. This reverses earlier findings in that … the author finds that owners give managers incentives to act in an accommodating way. As a result, optimal delegation …

arguably very high, so only productive firms can achieve this (Schroeder et al. 2003). Low productivity firms, by contrast, may … firms we investigate the relationship between firm productivity and the use of export intermediaries. Our estimation results … take simultaneity problems into account and reveal that indeed low productivity firms tend to export through intermediaries …

. Estimates based on the conditional logit model show a significantly positive relationship between initial labour productivity … probability to export and initial labour productivity is low once firm effects are controlled for. Surprisingly, the impact of … labour productivity on exporting does not differ between micro enterprises and the remaining SMEs (10-249 employees …