ABSTRACT
This chapter provides a detailed survey of the bulk of models constituting the building blocks of the ensuing literature. The rush for Stackelberg leadership in managerial oligopoly models overlaps with a parallel literature dealing with an analogous but different vindication of the Stackelberg model, revisited as a problem of endogenous role choice. The chapter also provides a connection between delegation and endogenous timing. It outlines a benchmark model revisiting entry and the rise of strategic entry barriers. Strategic delegation based on output or sales expansion can be used by an incumbent firm to build up a strategic barrier to entry in absence of a natural one. Empirical research on managerialization and the consequent adoption on the part of firms of objectives differing from pure profit maximization started well before the appearance of the debate on strategic delegation.
