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 over the past century, in so much medium and massive businesses internationally. during the 20th century, the idea of the enterprise and the speculation of business association built parallel and complementary perspectives on managerial organisations. This ebook bargains a complete exposition of this debate.

In its survey of strategic delegation in oligopoly video games, An financial idea of Managerial businesses is in a position to supply a reinterpretation of various usual results in the sunshine of the truth that the keep watch over of businesses is mostly now not within the hand of its owners. The theoretical types are supported via 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 commercial association. during this volume, analysis is prolonged in numerous instructions to hide functions about the role of: managerial businesses in combined industry; collusion and mergers; divisionalization and vertical family; technical development; product differentiation; overseas trade; environmental concerns; and the intertemporal progress of firms.

This booklet is of serious curiosity to people who learn business economics, organizational experiences and commercial studies.

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