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relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed …
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Economists typically predict that people are inherently selfish; however, experimental evidence suggests that this is often not the case. In particular, delegating a choice (such as a wage) to the performing party may imbue this party with a sense of responsibility, leading to improved outcomes...
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established at the union-wide level. Furthermore, we show that fiscal delegation is more effective in restraining debt, and more …
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The paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
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find that, in case of delegation, managers (as predicted) put tighter restrictions when interests are less aligned. Workers … mixed strategy equilibrium under communication, which strictly outperforms optimal restricted delegation and is relatively …
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