without task commitment and other behavioral effects the principal might forgo delegation though being efficient. …The existing delegation literature has focused on different preferences of principal and agent concerning project … selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the …

-employee relationship. We study a model of delegation with an informed agent, where the principal may impose money-burning on the agent as a … some results novel to the delegation literature. First, money-burning is more likely if the principal is more sensitive to …

Supplementary Appendix to "Delegation and Nonmonetary Incentives."The paper "Delegation and Nonmonetary Incentives" to …