Browsing by Author "Piccolo, Salvatore"

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    • Endogenous residual claimancy by vertical hierarchies 
      Piccolo, Salvatore; González Tissinetti, Aldo; Martina, Riccardo (Elsevier, 2014)
      In this note we study a model of vertical hierarchies where the allocation of residual claimancy is endogenous and is determined jointly with production and contractual decisions.Weshow that the (equilibrium) allocation ...