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 …

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 …

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …