Managerial Delegation, Cost Asymmetry and Social Efficiency of Entry
(2013)
Journal Article
Mukherjee, A., & Tsai, Y. (2014). Managerial Delegation, Cost Asymmetry and Social Efficiency of Entry. Economic Record, 90(288), 90-97. https://doi.org/10.1111/1475-4932.12079
This article examines the welfare implications of entry in oligopolistic markets with separation of management from ownership. In the presence of strategic managerial delegation and cost asymmetry, entry is socially insufficient unless the degree of... Read More about Managerial Delegation, Cost Asymmetry and Social Efficiency of Entry.