This paper addresses the question of delegation in an organisation where there is an initial asymmetry of information … be contracted for. With these simple contracts, we show that delegation is an alternative to contracting to elicit agent … sequence of decisions, the information learned by the principal can be used for the other decisions. So delegation is only …

This paper addresses the question of delegation in a partial contracting set-up, where only the control over actions is … with delegation, is valuable for the principal if she retains control over the second decision. Hence, this paper provides … a new rational for partial delegation: a transfer of control to the better-informed party can be used by the supervisor …

-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 …