Berkovitch, Elazar; Israel, Ronen; Spiegel, Yossi - In: Journal of Economics & Management Strategy 19 (2010) 1, pp. 55-85
"We develop a theory of organization design in which the firm's structure is chosen by trading off ex post efficiency in the implementation of projects against ex ante efficiency in the selection of projects. Using our framework, we derive a novel set of empirical predictions regarding...