Strategic Delegation in Firms and in the Trade Union by Guido S. MerzoniStrategic Delegation in Firms and in the Trade Union by Guido S. Merzoni

Strategic Delegation in Firms and in the Trade Union

byGuido S. Merzoni

Paperback | March 12, 2003

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Strategic delegation is a widespread phenomenon in economic and social systems. In many situations the main interested party benefits from appointing a delegate to take action that the principal - were he playing - could not credibly take. This book contributes to the literature studying such a phenomenon, by extending the analysis of its implications for firms' strategy in product markets, by investigating how it may affect the trade union's activity, by studying its dynamic influence on the evolution of strategic interactions that the delegating party is involved in. The welfare effects of strategic delegation turn out to be uncertain and crucially depend on the features of the situation considered, both in static and in dynamic frameworks.
Title:Strategic Delegation in Firms and in the Trade UnionFormat:PaperbackDimensions:142 pagesPublished:March 12, 2003Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790814326

ISBN - 13:9783790814323

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Table of Contents

Introduction.- Strategic delegation in firms competing under incomplete information.- Delegation contracts' observability and collusion.- Strategic delegation in the trade union.- Competition for delegates and the evolution of market structure.- Conclusions.