We examine decentralization -- that is, the use of more than one decision maker -- in small- to medium …

; and decentralization. We then explore the relationships between these four authority/communication structures and other …

) increases with the length of time since the last decision was made. The model shows delegation is more likely as: (i …) controllable uncertainty increases; (ii) uncontrollable uncertainty decreases; (iii) the number of plants in the firm decreases … predictions are consistent with our novel empirical results on the delegation of major organizational change decisions using …

We explore the optimal delegation of decision rights by a principal to a better informed but biased agent. In an … world. We characterize the optimal delegation schemes for all discount rates and show that they resemble organizational … arrangements that are commonly observed, including centralization and threshold delegation. For small biases threshold delegation …

We explore the optimal delegation of decision rights by a principal to a better informed but biased agent. In an … world. We characterize the optimal delegation schemes for all discount rates and show that they resemble organizational … arrangements that are commonly observed, including centralization and threshold delegation. For small biases threshold delegation …