2007) “Endogenous Timing in a Mixed Duopoly: The Managerial Delegation Case

Abstract

We 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. We are grateful to the associate editor (Patrick Legros) and an anonymous referee for their helpful comments and suggestions.