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bureaucracy rather than to an autocratic leader. We combine the Aghion-Tirole definition of formal and real authority with the … extent to which their subordinate bureaucrats have real decision-making power. We show that the lower is the level of …
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We report results from a laboratory experiment that explores the effects of preference communication and leader … selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group … leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …
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We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information … case of delegation. On the other hand, any acquired information is better aggregated in case of delegation, where experts …
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a fraction of the transfer. The government faces a trade-off in its delegation decision: bureaucrats have knowledge of …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … incentives to delegate. Furthermore, we discuss how partial delegation, i.e., delegation followed by laws and regulations that …
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