based on authority rights and minimizing costs for implementing high efforts. The analysis includes the owner of a firm, a … delegation of authority to them to replace their high incentive pay by incentives based on private benefits of control. In that …, but concentrated delegation of full authority to a single division head is optimal for cooperation being crucial. If …

This paper views authority as the right to undertake decisions that have external effects on other members of the … this in a principal-agent model where the principal retains the authority to select '€˜large' projects but delegates the …

We analyze the optimal allocation of authority in an organization whose members have conflicting preferences. One party … has decision-relevant private information, and the party who obtains authority decides in a self-interested way. As a … optimal to assign authority to the informed and not to the uninformed party, irrespective of the parties' conflict of interest …

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration - the abuse of authority - and by providing an empirical …

This paper views authority as the right to undertake decisions that impose externalities on other members of the … organization's decisions. Under asymmetric information, the efficient allocation of authority depends on the communication of …