Delegation in Oligopoly: Managerial Schemes and Loan Commitments

This paper examines an industry in which firms must arrange financing for the production levels they plan to undertake in equilibrium. Financing can rely on the spot, or it can be obtained from options in the form of loan commitments. In that context, we analyze whether the owners of the firms centr...

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Veröffentlicht in:	Journal of economics (Vienna, Austria) Austria), 2003-03, Vol.78 (3), p.223-237
Hauptverfasser:	Coscollá, M. Paz, Granero, Luis M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business economics Competition Duopoly Economic theory Economics Enterprises Equilibrium Financial incentives Financial management Incentives Interest rates Loan financing Loan management Loan rates Loans Long run profit maximization Management Marginal costs Oligopolies Oligopoly Product markets Production Production management
Online-Zugang:	Volltext
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