a subordinate. A transfer scheme specifies how revenues are reallocated, via upward transfers, as the hierarchy evolves …

I study a class of agency problems that are characterized by the existence of an underlying organizational hierarchy …. Specifically, I analyze a two forked, three tiered hierarchy and I show that when the private information of the players in the … second and in the third tiers of the hierarchy, across the two forks of the hierarchy is perfectly correlated, collusion by …

, and computational formula-to Bayesian games. We then apply the value in simple models of corruption, oligopolistic …