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 … prisoners dilemma, the unique subgame perfect equilibrium entailing both firms hiring managers. At equilibrium, the more …

We derive Bertrand and Cournot equilibria in a differentiated duopoly in which each firm hires a manager to undertake … Cournot game. Furthermore, Cournot and Bertrand models with overconfident managers in- duce low prices, massive productions …