Delegation and commitment in durable goods monopolies
This paper studies a simultaneous-move infinite-horizon delegation game in which the principal of a durable goods monopoly entrusts pricing decisions to a manager who enjoys consuming her monetary rewards but dislikes production effort. The delegation contract allows for continual interference with...
| Main Authors: | , |
|---|---|
| 格式: | Working paper |
| 出版: |
University of Oxford
2007
|