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An Economic Theory of Managerial Firms - Strategic Delegation in Oligopoly (Hardcover)
Loot Price: R4,482
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An Economic Theory of Managerial Firms - Strategic Delegation in Oligopoly (Hardcover)
Series: Routledge Studies in the Economics of Business and Industry
Expected to ship within 12 - 19 working days
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The separation between ownership and control has become common
practice over the last century, in most medium and large firms
across the world. Throughout the twentieth century, the theory of
the firm and the theory of industrial organization developed
parallel and complementary views on managerial firms. This book
offers a comprehensive exposition of this debate. In its survey of
strategic delegation in oligopoly games, An Economic Theory of
Managerial Firms is able to offer a reinterpretation of a range of
standard results in the light of the fact that the control of firms
is generally not in the hand of its owners. The theoretical models
are supported by a wealth of real-world examples, in order to
provide a study of strategic delegation that is far more in-depth
than has previously been found in the literature on industrial
organization. In this volume, analysis is extended in several
directions to cover applications concerning the role of: managerial
firms in mixed market; collusion and mergers; divisionalization and
vertical relations; technical progress; product differentiation;
international trade; environmental issues; and the intertemporal
growth of firms. This book is of great interest to those who study
industrial economics, organizational studies and industrial
studies.
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