relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed …

influenced by delegation and precautionary motives. This can entail “contagion”, i.e. parallel reactions of the loan volumes in …

The problem that we address in this paper stems from the trend to delegation in the water management field. The problem … discuss the specific characteristics of the delegation auction that render it useless as a tool for collective welfare … revoke delegation and return to direct management, is also ineffective due to a lack of credibility that is essentially …

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 …

presidents in law-making. It is argued that the intense use of this legislative tool reflects a tacit delegation of agenda powers … from the Congress to the Executive branch, and that such delegation follows an informational logic, in the sense that it is …

implementation leads to more delegation, but only if workers have high costs of obstructing informed decisions. We further find that …

conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We … consider a hold-up framework where both parties profit from an investment that raises the value of an asset. Delegation turns …) decisions have no investment-independent effect. If overinvestment might be an issue, delegation, however, with restricted …