Ruiz, Bárcena; Carlos, Juan; Ortega, Olaizola; Norma, … - Departamento de Fundamentos del Análisis Económico I, … - 2004
This work analyzes a managerial delegation model in which firms that produce a differentiated good can choose between two production technologies: a low marginal cost technology and a high marginal cost technology. For the former to be adopted more investment is needed than for the latter. By...