standard-setting with two means of interventionist harmonization: through centralization and through allocation of lawmaking … cross-jurisdictional externalities, harmonization is, contrary to conventional predictions, not desirable when local …

-agent framework, it analyzes two alternative policy-decision schemes decentralization' and centralization' when knowledge' consists of …

a fraction of the transfer. The government faces a trade-off in its delegation decision: bureaucrats have knowledge of … incentives to delegate. Furthermore, we discuss how partial delegation, i.e., delegation followed by laws and regulations that … restrict bureaucratic discretion, increases the scope of delegation. We characterize the optimal delegation rule and show that …

implementation leads to more delegation, but only if workers have high costs of obstructing informed decisions. We further find that …

contracts that facilitate both coordi-nation and adaptation - enable organizations to achieve these ends. In a novel experiment …, we explore how parties establish such relational contracts, whether they achieve efficient coopera-tion, and how they … con-tracts. The Nudge succeeds in motivating more pairs to formulate principles and in making pairs significantly more …