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Delegation in Oligopoly: Managerial Schemes and Loan Commitments

✍ Scribed by M. Paz Coscollá; Luis M. Granero

Book ID: 106217448
Publisher: Springer Vienna
Year: 2003
Tongue: English
Weight: 273 KB
Volume: 78
Category: Article
ISSN: 1617-7134
DOI: 10.1007/s00712-002-0570-9

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## Abstract Modern corporate governance codes include clauses requiring the disclosure of managerial compensation. Such codes have been installed to protect shareholders' interests. In this paper, we explore the impact of such disclosure on consumer welfare. We consider two‐stage delegation games i