change under different network configurations and information transmission technologies. In our model, relations are the … agents had no access to other network members’ sanctioning power and information. We identify conditions for network … stability and in-network information transmission as well as conditions under which stable subnetworks inhibit more valuable …

organization’s decisions. Under asymmetric information, the efficient allocation of authority depends on the communication of … private information. In the case of multiple decision areas, divided control rights may enhance organizational efficiency …

incentives, asymmetric information and multistage decisions. …

implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … reveal information that is unfavorable in the ensuing bargaining. After finding all perfect Bayesian equilibria in pure …

This paper studies a principal-agent relation in which the principal's private information about the agent's effort … and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …

has decision-relevant private information, and the party who obtains authority decides in a self-interested way. As a …

to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …