George W.J. Hendrikse
Erasmus University Rotterdam (EUR) – Rotterdam School of Management (RSM); Erasmus Research Institute of Management (ERIM)
22 2000 6,
ERIM Report Series Reference No. ERS-2000-17-ORG
The nature of organizational change and the value of headquarters is analyzed in a dynamic bargaining model. Organizational change can be either imposed, or voluntary and immediate, or voluntary and delayed. Headquarters derives it value from preventing surplus reducing endogenous commitments.