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Vertical externalities and control of politicians

โœ Scribed by Matthias Wrede

Book ID
106274284
Publisher
Springer
Year
2002
Tongue
English
Weight
100 KB
Volume
3
Category
Article
ISSN
1435-6104

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Vertical externality and strategic deleg
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โœ Eun-Soo Park ๐Ÿ“‚ Article ๐Ÿ“… 2002 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 93 KB

## Abstract This paper examines the effects of vertical externality generated by the upstream monopoly on the incentives that owners of competing downstream firms give their managers. It is shown that the introduction of the upstream monopoly may have significant effects on the incentive schemes fo