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A note on bargaining power and managerial delegation in multimarket oligopolies

dc.contributor.authorCiarreta Antuñano, Aitor ORCID
dc.contributor.authorGarcía Enríquez, Javier ORCID
dc.contributor.authorGutiérrez Hita, Carlos
dc.date.accessioned2012-12-04T14:16:32Z
dc.date.available2012-12-04T14:16:32Z
dc.date.issued2012-11
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/9151
dc.description.abstractIn a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). Interestingly, although both games are equivalent in terms of profits under certain conditions, managers obtain greater rewards in the bargaining game. This results in a redistribution of profits between owners and managers.es
dc.description.sponsorshipA. Ciarreta thanks the Spanish Ministry of Economy and Competitiveness (ECO2012-35820) and the Basque Government (DEUI, IT-313-07) for their financial support. J. García acknowledges funding from project ECO2010-15332 of the Spanish Ministry of Science and Innovation and from the ERDF. Carlos Gutiérrez-Hita acknowledges support from the Spanish Ministry of Science and Technology (through research project MTM2011-23205), and the Basque Government (through research project IT-313-07).es
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relation.ispartofseriesDFAEII;2012.17
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.subjectstrategic delegationes
dc.subjectbargaininges
dc.subjectproduct substitutabilityes
dc.subjectpricees
dc.titleA note on bargaining power and managerial delegation in multimarket oligopolieses
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.subject.jelC72es
dc.subject.jelL13es
dc.subject.jelM54es
dc.identifier.repecRePEc:ehu:dfaeii:9151es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoriaINDUSTRIAL ORGANIZATION
dc.subject.categoriaBUSINESS ADMINISTRATION AND BUSINESS ECONOMICS; MARKETING; ACCOUNTING
dc.subject.categoriaMATHEMATICAL AND QUANTITATIVE METHODS


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