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論文
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魏, 芳
概要:
本研究ノートはWEI（2010）の枠組みで、戦略的補助金政策と経営者委任行動の同値性結果を再検討した。本ノートは複数の企業に着目し、企業の数が増えると、オーナーの同値性補助金の結果がどのように影響されるのか明らかにした。
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魏, 芳
概要:
This note examines the implications of the separation of ownership and management based on a reciprocal markets model. W
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e consider horizontal product differentiation in an international duopoly with symmetric cost functions. We find that in the presence of managerial delegation, both countries’ governments have a weaker incentive to tax foreign imports and the price dumping margins become smaller.
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論文
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魏, 芳
概要:
In this note, we reexamine the implications of the separation of ownership and management based on relative performance contracts following the Miller and Pazgal(2005). We show that the strategic subsidization incentive depends on the
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presence of managerial delegation. We further endogenize the firms' managerial delegation decisions and find that both firms choose not to delegate a manager, and the socially optimum outcome is the result.
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