Delbono, Flavio; Lambertini, Luca; Marattin, Luigi - 2015
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 …
