We investigate the choice of endogenous timing by managerial firms in the presence of network externalities under Bertrand competition. Contrast to the results of sequentiality in equilibrium, we demonstrate that when managers are being delegated both the market and timing decision, there exists...

We study firms' strategic delegation decisions when facing consumers with heterogeneous willingness to pay in a Cournot game. We consider a market comprising two consumer groups, with either a high or low willingness to pay. In this market, we first consider the case of symmetric marginal costs...