as an independent profit center that contracts with the parent firm as well as the supplier. The delegation of decision … can claim from the supplier. To identify the role of delegation, we focus instead on two games. Both games have a … continuum of equilibria, which we compare to the set of incentive efficient equilibria of the initial no-delegation bargaining …

We study a model of civil dispute with delegation in which a plaintiff's lawyer works on a contingent fee basis but a … defendant's lawyer on an hourly fee basis. We first derive the conditions under which delegation to the lawyers brings both the … plaintiff and defendant more payoffs, compared to the case of no delegation. We then show: (i) one third of the award as a …

outside evaluator cannot observe the allocation of authority. Hence, delegation can provide a way to manipulate the principal …'s ex post reputation. In general, the principal keeps the authority too often when she has the opportunity of delegation …

that such profitable delegation is possible and characterizes the agents to whom a given agent may delegate the …

organization, employ subordinates and contract with external suppliers. This paper explains when such delegation of authority can … two two-tier hierarchies, the principal designs contracts for both agents. In delegation with a three-tier hierarchy, the … where the principal can benefit from delegating authority to the manager, but not to the worker. Beneficial delegation …

Many firms provide training to newly recruited employees in order to improve their productivity. This occurs in spite … those workers and bid them away. Recent research suggests that such training may be undertaken when the expected value of … the productivity of the worker in the training firm, the latter can match this offer and still retain a surplus. The …