Kung, Fan-chin; Wang, Ping; Wen, Quan - National Bureau of Economic Research - 2022
decision-makers in a hierarchical organization. We examine the role played by the architecture of a multi-tier authority and … bargaining sequence proceeds as a chain through decision-making agents, regardless of the hierarchy of the organization. We prove … the existence of a compromised equilibrium, where the decision of the authority is compromised, and establish sufficient …