Overview

Strategic delegation is a widespread phenomenon in economic and social systems. In many situations the main interested party benefits from appointing a delegate to take action that the principal - were he playing - could not credibly take. This book contributes to the literature studying such a phenomenon, by extending the analysis of its implications for firms' strategy in product markets, by investigating how it may affect the trade union's activity, by studying its dynamic influence on the evolution of strategic interactions that the delegating party is involved in. The welfare effects of strategic delegation turn out to be uncertain and crucially depend on the features of the situation considered, both in static and in dynamic frameworks.

Full Product Details

Author:   Guido S. Merzoni
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Physica-Verlag GmbH & Co
Edition:   Softcover reprint of the original 1st ed. 2003
Dimensions:   Width: 15.50cm , Height: 0.80cm , Length: 23.50cm
Weight:   0.530kg
ISBN:  

9783790814323

ISBN 10:   3790814326
Pages:   142
Publication Date:   12 March 2003
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1 - Introduction.- 2 - Strategic delegation in firms competing underincomplete information.- 2.1 Strategic competition and the firm’s organisational design.- 2.2 A model of strategic delegation in duopoly with incomplete information.- 2.3 Equilibrium output and effort provision with strategic delegation.- 2.4 The effort provision under alternative settings.- 2.5 The case of linear demand.- 2.6 Conclusions.- Appendix 2.1. Proofs of Proposition 2.3 and of Lemma 2.6.- 3 - Delegation contracts’ observability and collusion.- 3.1 Introduction.- 3.2 Observability in delegation games.- 3.3 The benchmark model.- 3.4 Non-renegotiable contracts.- 3.5 One round of renegotiation.- 3.6 Delayed observability and renegotiation costs.- 3.7 Conclusions.- Appendix 3.1 - Proofs of Lemma 3.1 and of Corollary 3.7.- Appendix 3.2 - The computation of a collusive equilibrium.- 4 - Strategic delegation in the trade union.- 4.1 Introduction.- 4.2 The nature of the trade union: co-ordination costs and the delegation of authority.- 4.3 A model of bargaining with threats.- 4.4 Direct bargaining.- 4.5 Strategically delegated bargaining.- 4.6 Conclusions.- 5 - Competition for delegates and the evolution of market structure.- 5.1 New managers, technological innovation and industry evolution.- 5.2 A model of dynamic competition for managers.- 5.3 Catching-Up.- 5.4 Increasing Dominance.- 5.5 Market structure and returns to managers.- 5.6 Market size and product differentiation with DRM.- 5.7 Some welfare implications.- 5.8 Conclusions.- Appendix 5.1 - Programs for the simulations.- 6 - Conclusions.- References.- Declaration.- List of figures.- List of tables.

Reviews

Author Information

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions