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Un oligopolio mixto con contratación endógena de administradores y titularidad privada nacional y extranjera

Jorge Fernández Ruiz
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Jorge Fernández Ruiz: El colegio de México

Authors registered in the RePEc Author Service: Jorge Fernández-Ruiz

El Trimestre Económico, 2010, vol. LXXVII (4), issue 308, 831-852

Abstract: This paper analyzes a mixed oligopoly in which firms may hire managers and delegate their decisions to them for strategic reasons. Unlike previous research, we examine the case in which a public firm competes with a foreign firm and a domestic firm, both of them private. We show that these two private firms behave dif- ferently. In equilibrium, only the domestic firm strategically hires a manager that deviates from simple profit maximization. This leads to a social welfare higher than the one obtained when none of the firms hires a manager and that resulting from the competition of a domestic and a foreign firm run by managers.// Este artículo analiza un oligopolio mixto en el que las empresas pueden contratar administradores y delegarles sus decisiones con fines estratégicos. A diferencia de investigaciones anteriores, examinamos un caso en el que una empresa pública compite con una extranjera y otra local, ambas privadas. Mostramos que estas dos empresas privadas se comportan de manera diferente: en equilibrio; solamente la empresa local contrata estratégicamente a un administrador que no persigue la simple maximización de ganancias. Esto conduce a un bienestar social mayor que el que se obtiene cuando ninguna empresa contrata a un administrador y que el que resulta de la competencia de una empresa local y otra extranjera, ambas dirigidas por administradores.

Keywords: oligopolio mixto; empresa pública; empresa extranjera; contratos de incentivos de administradores (search for similar items in EconPapers)
JEL-codes: L13 L32 D21 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.20430/ete.v77i308.456

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Handle: RePEc:elt:journl:v:77:y:2010:i:308:p:831-852