Ruiz, Juan Carlos Bárcena; Rubio, Jesús - In: Económica IL (2003) 1-2, pp. 3-20
In this paper we analyze the choice of how a firm organizes itself with regard to the degree of centralization of production decisions, as a way of deterring entry by the manager of the firm. We show that if the fixed cost of setting up a new firm is low enough, the owner of the firm chooses a...
