, distribution of decision-making authorities, and the provision of incentives. This chapter provides a synthesis of various agent …

first developed by Herbert Simon and Harold Lydall, I show that hierarchy can explain the power-law distribution of top … incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent …. Given the messiness of the struggle for resources, why is the outcome so simple? This paper explores the idea that the (re)distribution …

This paper empirically investigates how organizational hierarchy affects the allocation of credit within a bank. Using … an exogenous variation in organizational design, induced by a reorganization plan implemented in roughly 2,000 bank … interference { through which hierarchy affects loan outcomes. …