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This paper studies the issue of designing an optimal organizational form: design for sub-units’ task allocation, decision-making structure, and incentive schemes for organizational members. Depending on the way tasks are allocated between the sub-units, and whether decision-making is...
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This paper studies the problem of information revelation in a multi-stage tournament where the agents’ effort in each …. -- tournament ; mechanism ; information revelation ; Jensen’s inequality …
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, economists have thought that the free-rider problem is solved, in theory. Our view to this problem is not so optimistic. Rather …
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