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, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10010427483
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10003951385
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10010383027
A theory of responsibility is provided in a simple model where agents care for their career prospects. First, two agents with uncertain abilities work on a task. Second, a principal decides to promote one of them. Three types of equilibria occur. One in which no agent is responsible for the task...
Persistent link: https://www.econbiz.de/10005845886
relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed …
Persistent link: https://www.econbiz.de/10011514022
case of delegation. On the other hand, any acquired information is better aggregated in case of delegation, where experts …
Persistent link: https://www.econbiz.de/10012597572
case of delegation. On the other hand, any acquired information is better aggregated in case of delegation, where experts …
Persistent link: https://www.econbiz.de/10012549435
This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...
Persistent link: https://www.econbiz.de/10010333808
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10010334013
This paper addresses the question of delegation in an organisation where there is an initial asymmetry of information … be contracted for. With these simple contracts, we show that delegation is an alternative to contracting to elicit agent … sequence of decisions, the information learned by the principal can be used for the other decisions. So delegation is only …
Persistent link: https://www.econbiz.de/10011608611