exists a large body of literature that analyzes strategic delegation in which owners understand the incentives that managers … face when they operate in imperfectly competitive product markets. In this paper we analyze strategic delegation under the …

their rivals while the possibility of learning make them cautiously wait for others to take action. This combination amounts …

model features both private learning about the market condition and market competition, which give rise to the first …

more learning content: asymmetric information, brand loyalty, market share dominance, exit gains through liquidation …. Economic principles are contrasted with classroom game outcomes. Findings indicate better learning outcomes through specific …-to-general strategy sequence, rather than general-to-specific strategy sequence. Cumulative learning is key, within a certain sequence of …