We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon …

We revisit the two-stage duopoly game with strategic delegation and asymmetric technologies of Sen and Stamatopoulos … (2015). We show that their conclusions are misled by the restrictive assumption that the extent of delegation to managers is … restricted to a binary set. Allowing for a continuous set of delegation incentives, we prove that the delegation stage is a …

We show that Miller and Pazgal's (2001) model of strategic delegation, in which managerial incentives are based upon …

We identify a mistake in the specification of the demand system used in the strategic delegation model based on market … aspect, we perform a profit comparison with the alternative delegation scheme à la Fershtman and Judd (1987) …

-Stackelberg equilibrium emerges, with the managerial firm as the leader. This happens under at least three different delegation schemes. We …

strategies, where firms are managerial and two alternative types of delegation contract are considered. Under open …-loop information, delegation expands the residual steady state resource stock. Conversely, under nonlinear feedback information the … outcome depends on the structure of managerial incentives. If sales are used, once again delegation favours resource …