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.

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Erasmus Research Institute of Management
hdl.handle.net/1765/30
ERIM Report Series Research in Management
Erasmus Research Institute of Management

Hendrikse, G. (2000). Organizational Change and Vested Interests (No. ERS-2000-17-ORG). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/30