首页    期刊浏览 2024年11月08日 星期五
登录注册

文章基本信息

  • 标题:Strategic delegation and market competitiveness
  • 本地全文:下载
  • 作者:Caterina Colombo ; Alessandra Chirco ; Marcella Scrimitore
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2009
  • 卷号:29
  • 期号:3
  • 页码:1708-1716
  • 出版社:Economics Bulletin
  • 摘要:Within a strategic delegation model, this paper examines in a quantity setting oligopoly framework the determinants of the degree of strategic delegation -the latter being defined as the extent of the departure from pure profit maximization. The sub-game perfect equilibrium degree of strategic delegation is derived as a function of the two key parameters which determine market competitiveness in a homogeneous product set-up, i.e., the price-elasticity of market demand and the number of firms. With respect to both these parameters we find that their relationship with the degree of delegation is not necessarily monotone. Indeed, for an increase in elasticity or a reduction in market concentration to reduce strategic delegation, these determinants of the Lerner index of monopoly power must satisfy restrictions which guarantee that the initial market environment is sufficiently competitive
国家哲学社会科学文献中心版权所有