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In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant 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...
Persistent link: https://www.econbiz.de/10011334333
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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We study a class of scheduling problems involving the maximumlateness criterion and an element of batching. For all the problemsthat we examine, algorithms appear in the literature which consistof a sorting step to determine an optimal job sequence, followedby a dynamic programming step which...
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incomplete contract theory. We use the framework of Aghionand Tirole (1997) and define the managerial control structure as …
Persistent link: https://www.econbiz.de/10011378948
share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on …
Persistent link: https://www.econbiz.de/10011379448