Arbeitspapier
Delegation and Cartel Stability
The effect of delegation on cartel stability is addressed in a duopoly for a homogeneous product, under Cournot competition. The main findings are that if only one firm is managerial, the critical discount factor is increased by the presence of a weight attached to sales, so that cartel stability is decreased, while if both are managerial the opposite holds. As a consequence, the inclusion of sales in both firms' objective function represents an incentive towards collusion.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni - Working Paper DSE ; No. 208
- Classification
-
Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Lambertini, Luca
- Event
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Veröffentlichung
- (who)
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Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
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Bologna
- (when)
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1994
- DOI
-
doi:10.6092/unibo/amsacta/5118
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 1994
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Cartel Stability, Mark-Up Cyclicality and Government Spending Multipliers
Joint Venture for Product Innovation and Cartel Stability under Vertical Differentiation
RJVs in Product Innovation and Cartel Stability
Exogenous Product Differentiation and the Stability of Collusion
Delegation and Product Differentiation
Managerial delegation in a dynamic renewable resource oligopoly
Strategic Delegation and the Shape of Market Competition
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