Showing 1 - 7 of 7
We discuss the social welfare improvement under centralized and decentralized hierarchies and focus on supervisoris ability to monitor quality. Although the possibility of collusion against the principal is eliminated under decentralized hierarchy, the decentralization is dominating only if...
Persistent link: https://www.econbiz.de/10010958211
We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …
Persistent link: https://www.econbiz.de/10010958226
We discuss the social welfare improvement under centralized and decentralized hierarchies and focus on supervisoris ability to monitor quality. Although the possibility of collusion against the principal is eliminated under decentralized hierarchy, the decentralization is dominating only if...
Persistent link: https://www.econbiz.de/10010319247
We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …
Persistent link: https://www.econbiz.de/10010319284
delegation bears on moral hazard and adverse selection. Agents may care about autonomy for reasons of job-satisfaction, status or … greater reputation of perform-ance under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter is increasing, the de-gree of delegation assigned to …
Persistent link: https://www.econbiz.de/10005328466
We discuss the social welfare improvement under centralized and decentralized hierarchies and focus on supervisoris ability to monitor quality. Although the possibility of collusion against the principal is eliminated under decentralized hierarchy, the decentralization is dominating only if...
Persistent link: https://www.econbiz.de/10004988426
We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …
Persistent link: https://www.econbiz.de/10004988441