LEKEAS, PARASKEVAS V.; STAMATOPOULOS, GIORGOS - In: International Game Theory Review (IGTR) 13 (2011) 03, pp. 341-352
We analyze strategic delegation in a Stackelberg model with an arbitrary number, n, of firms. We show that n-1 firms delegate their production decisions and only one firm (the one whose manager is the first mover) does not. The later a manager commits to a quantity, the higher his incentive...