The introduce managerial delegation into Pal's (1998) model and examine the impact of the introduction of managerial delegation on endogenous timing in a mixed duopolistic model for differentiated goods. We show that a public firm and a private firm choose quantities sequentially in the equilibrium of our model. Thus, we find that the Pal's (1998) results are robust against managerial delegation.
|Published - 2007 Oct 19
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)