Abstract The internal organization of large firms as well as procurement and regulation contexts frequently involve a hierarchical nexus of contracts, with substantial delegation of decision making across layers. Such hierarchical delegation of decision making creates problems of aligning...

Abstract We study long run implications of reinforcement learning when two players repeatedly interact with one another over multiple rounds to play a finite action game. Within each round, the players play the game many successive times with a fixed set of aspirations used to evaluate payoff...

Purpose – This paper aims to provide an overview of recent research on accountability of local and state governments in India. Design/methodology/approach – The Downsian theory of electoral competition is used as a departure point for classifying different sources of government...