headquarters, which yields an estimable equation for the optimal delegation of authority. Using a unique and specifically tailored …

of information only. This result has important implications for organizational design: the paper shows that delegation … and favoritism can arise as a way to promote the correct flow of information within an organization. Delegation can lead …

This paper formalizes one mechanism through which diversification in the production of research & development across …. As a result, according to the local degree of diversification in research & development, sectoral technological shocks … business cycles and the life cycle of the city: diversification in research & development allows innovations in different …