An Economic Theory of Managerial Firms: Strategic Delegation by Luca Lambertini

By Luca Lambertini

The separation among possession and keep an eye on has develop into universal perform during the last century, in such a lot medium and big agencies the world over. through the 20th century, the speculation of the company and the idea of commercial association constructed parallel and complementary perspectives on managerial agencies. This booklet deals a entire exposition of this debate.

In its survey of strategic delegation in oligopoly video games, An financial conception of Managerial enterprises is in a position to provide a reinterpretation of a variety of normal results in the sunshine of the truth that the keep an eye on of organisations is usually now not within the hand of its owners. The theoretical types are supported by way of a wealth of real-world examples, in order to supply a research of strategic delegation that's way more in-depth than has previously been present in the literature on business association. during this volume, analysis is prolonged in different instructions to hide functions in regards to the role of: managerial businesses in combined industry; collusion and mergers; divisionalization and vertical kin; technical development; product differentiation; overseas trade; environmental concerns; and the intertemporal development of firms.

This publication is of significant curiosity to people who research business economics, organizational stories and business studies.

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