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- W3042466260 abstract "We reconsider the endogenous choice of delegation to a manager by two down-stream firms in both a Cournot and a Bertrand vertical market with network effects. An upstream monopolist charges a two-part tariff for a crucial input. By applying the Nash solution in a centralized bargaining, we show that hiring a manager is never an equilibrium under Cournot, regardless of network effects, while it can be the equilibrium choice for firms competing a la Bertrand, depending on the interplay between the network externalities and the degree of product substitutability." @default.
- W3042466260 created "2020-07-23" @default.
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- W3042466260 date "2019-01-01" @default.
- W3042466260 modified "2023-09-23" @default.
- W3042466260 title "Endogenizing managerial delegation: A new result under Nash bargaining and network effects" @default.
- W3042466260 hasPublicationYear "2019" @default.
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