Neutralino Phenomenology at LEP2 in Supersymmetry with Bilinear Breaking of R-parity

We discuss the phenomenology of the lightest neutralino in models where an effective bilinear term in the superpotential parametrizes the explicit breaking of R-parity. We consider supergravity scenarios where the lightest supersymmetric particle (LSP) is the lightest neutralino and which can be explored at LEP2. We present a detailed study of the LSP decay properties and general features of the corresponding signals expected at LEP2. We also contrast our model with gauge mediated supersymmetry breaking.