Strategic delegation in an experimental mixed duopoly

被引：11

作者：

Du, Ninghua ^{[1
,2
]}

Heywood, John S. ^{[3
]}

Ye, Guangliang ^{[4
]}

机构：

[1] Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, PR, Peoples R China

[2] Minist Educ, Key Lab Math Econ SUFE, Shanghai 200433, PR, Peoples R China

[3] Univ Wisconsin Milwaukee, Dept Econ, Milwaukee, WI 53201 USA

[4] Renmin Univ China, Sch Econ, Hanqing Adv Inst Econ & Finance, Beijing 100872, PR, Peoples R China

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2013年 / 87卷

基金：

中国国家自然科学基金;

关键词：

Mixed duopoly; Incentive contract; Experiment markets; NONCOOPERATIVE BARGAINING THEORY; OLIGOPOLY; INCENTIVES; FIRMS;

D O I：

10.1016/j.jebo.2013.01.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide the first experimental test of the consequences of delegation in a mixed duopoly. Such delegation allows a profit maximizing private owner and a welfare maximizing public owner to weight sales in managerial contracts. Theory predicts that such contracts improve welfare. Our evidence indicates that both public and private subject owners do provide a weight on sales consistent with the subgame perfect equilibrium. Critically, however, this emerges in the experiment only when playing with a robot manager and when playing with a human subject manager after the experience of playing with a robot manager. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：91 / 100

页数：10

共 50 条

[41] Bilateral Delegation in Duopoly Wage and Employment Bargaining
Chatterjee, Ishita
Saha, Bibhas
[J]. MANAGERIAL AND DECISION ECONOMICS, 2017, 38 (04) : 607 - 621
[42] Biased Managers as Strategic Commitment in a Mixed Duopoly with Relative Profit-Maximizers
Nakamura Y.
[J]. Journal of Industry, Competition and Trade, 2015, 15 (4) : 323 - 336
[43] The Strategic Use of Managerial Incentives in a Non-Profit Firm Mixed Duopoly
Goering, Gregory E.
[J]. MANAGERIAL AND DECISION ECONOMICS, 2007, 28 (02) : 83 - 91
[44] Strategic delegation: An experiment
Fershtman, C
Gneezy, U
[J]. RAND JOURNAL OF ECONOMICS, 2001, 32 (02): : 352 - 368
[45] Generalization of strategic delegation
Hamada, Kojun
[J]. JAPANESE ECONOMIC REVIEW, 2023, 74 (01) : 199 - 214
[46] Generalization of strategic delegation
Kojun Hamada
[J]. The Japanese Economic Review, 2023, 74 : 199 - 214
[47] Strategic Delegation to Organizations*
Sekeris, Petros G.
Xefteris, Dimitrios
[J]. JOURNAL OF INDUSTRIAL ECONOMICS, 2021, 69 (04): : 900 - 922
[48] Optimal trade, industrial, and privatization policies in a mixed duopoly with strategic managerial incentives
Chang, Winston W.
[J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2007, 16 (01): : 31 - 52
[49] STRATEGIC DELEGATION IN BARGAINING
BURTRAW, D
[J]. ECONOMICS LETTERS, 1992, 38 (02) : 181 - 185
[50] ON STRATEGIC COST INCREASES IN A DUOPOLY
FUESS, SM
LOEWENSTEIN, MA
[J]. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 1991, 9 (03) : 389 - 395

← 1 2 3 4 5 →