based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cross-authority delegation is the optimal form of full delegation. If, however, the division heads are more efficient than …

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 analyses the relation between authority and incentives. It extends the standard principal / agent model by a … project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority … consideration of e ort incentives makes the principal less likely to delegate the authority over projects to the agent. In fact, if …