Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159118
Authors: 
Lambertini, Luca
Trombetta, Marco
Year of Publication: 
1997
Series/Report no.: 
Quaderni - Working Paper DSE 275
Abstract: 
In a model of repeated Cournot competition under complete information, we show that delegation has no effect on cartel stability if managers collude, while it may hinder cartel stability when owners collude in setting the incentive schemes. If owners can choose whether to delegate or keep control of their respective firms, and both groups of individuals collude or play noncooperatively in their respective variables according to the level of intertemporal discount factor, then if managers are not able to collude in output levels, owners' delegation decision is non-monotone in the discount factor.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
213.18 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.