relates to the candidates' type'. Delegation is then superior to direct (owner) recruitment and offering tenure' or guaranteed …

. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …

actors provide powerful incentives and become superior when there are some fair-minded players. The principals understand … enforcement power of explicit and implicit incentives. This contract preference is associated with the fact that explicit … incentives weaken the enforcement power of implicit bonus incentives significantly. Our results are largely consistent with …

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

example of a delegation-scheme. Conversely, project aid represents a more centralized type of aid. According to the theory … of policies should be increased (delegation). Conversely, there should be less freedom in designing policies when donors …

Using an agency model, we show how delegation, by generating additional private information, improves dynamic … incentives under limited commitment. It circumvents ratchet effects and facilitates the revelation of persistent private … effect which reduces an inefficient agent’s take-the-money-and-run incentive. Although delegation entails a loss of control …

of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model’s predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are …