A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the … employer of two employees. A team production problem is present if the employer is a "managerial lemon". If the team production … profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is …

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the … employer of two employees. A team production problem is present if the employer is a managerial lemon. If the team production … profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is …

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the … employer of two employees. A team production problem is present if the employer is a managerial lemon. If the team production … profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is …

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the … employer of two employees. A team production problem is present if the employer is a managerial lemon. If the team production … profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is …

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the … employer of two employees. A team production problem is present if the employer is a “managerial lemon”. If the team production … profit. Managerial slack can therefore exist in our monopoly market. In the case of a managerial lemon, the profit level is …

A monopolist is treated as a nexus of contracts with team production. It has one owner-manager who is the employer of … two employees. A team production problem is present if the employer is a “managerial lemon.” If the team production … profit. Therefore, managerial slack can exist in our monopoly market. Whereas the employer has the incentive to improve …

folk wisdom that firms should never preannounce. Our paper bridges the gap between theory and practice by incorporating the …