Mitrokostas, Evangelos; Petrakis, Emmanuel - Department of Economics, University of Crete - 2008
The present paper explores the scope of strategic delegation, to the firms' R&D investments and market competition in a Cournot Oligopoly. The firms' owners' have two alternative strategies: either the Full Delegation (FD) one, in which firms' owners delegate both short-run and long-run...