An Economic Theory of Managerial Firms

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Focusing on strategic delegation in oligopoly games, this book reinterprets traditional economic results by emphasizing that firm control often lies outside the hands of owners. It presents theoretical models backed by numerous real-world examples, enhancing the understanding of strategic interactions and decision-making in competitive markets. Through its analysis, the book sheds light on the complexities of agency relationships in oligopolistic settings, making it a valuable resource for scholars and practitioners alike.