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Power inside the firm and the market : a general equilibrium approach

Marin, Dalia; Verdier, Thierry - 2006 - first version: December 2001, this version: March 2006

Recent years have witnessed an enormous amount of reorganization of the corporate sector in the US and in Europe. This paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate levels of competition the CEO of the corporation decides...

Persistent link: https://www.econbiz.de/10010373499