conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We …

based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cross-authority delegation is the optimal form of full delegation. If, however, the division heads are more efficient than …

based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cross-authority delegation is the optimal form of full delegation. If, however, the division heads are more efficient than …

conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We …