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In this paper, I extend the organizational design literature by examining how the delegation choice is affected by the … ability to resolve the incentive problem caused by this delegation. Based on the seminal papers by Grossman and Hart (1986 … using these measures for incentive purposes increases (decreases) delegation. Overall, the results are consistent with the …
Persistent link: https://www.econbiz.de/10014029268
This paper considers the eff ects of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10014041476
This paper considers the effects of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10014165946
temporary workers indeed experience less autonomy in their decisions. -- delegation ; signalling ; reputation …
Persistent link: https://www.econbiz.de/10009615156
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What happens if A wants to buy a good or service from B, but not all relevant characteristics can be fixed in a contract? This book gives a non-technical overview of various models dealing with this situation. Particular emphasis is put on the problem that the service includes various tasks and...
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