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We analyze maximization of revenue in the dynamic and stochastic knapsack problem where a given capacity needs to be allocated by a given deadline to sequentially arriving agents. Each agent is described by a two-dimensional type that reflects his capacity requirement and his willingness to pay...
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(centralization) or two (decentralization) regulatory authorities, when the regulator(s) can be partially captured by industry. Under …
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example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …
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explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …
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