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Internal Organization of Firms and Cartel Formation
(2004-12)
We introduce and characterize a new solution concept for TU games. The new soluction is called SD-prenucleolus and is a lexicographic value although is not a weighted prenucleolus. The SD-prenucleolus satisfies several ...
Choice of Flexible Production Technologies Under Strategic Delegation
(2004-09)
This work analyzes a managerial delegation model in which firms can choose between a flexible production technology which allows them to produce two different products and a dedicated production technology which limits ...
Cost-Saving production technologies and strategic delegation
(2004-02)
This work analyzes a managerial delegation model in which firms that produce a differentiated good can choose between two production technologies: a low marginal cost technology and a high marginal cost technology. For ...