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decisionmakers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts … as a principal to some decision makers, while she acts as an agent in relation to certain other decision makers. We study … under which conditions decision makers decide to exercise their own authority and to accept their superiors' authority …
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We consider a hierarchical organization with two fully rational agents. The goal of the organization is that of selecting the best alternative out of several available, and agents are heterogenous in the accuracy with which they screen the alternatives. We show that, if internal communications...
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works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
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