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 …

delegation of decision-making powers; and 3) the decentralised exercise of certain of the Union's tasks. Such a design of the SSM …

a fraction of the transfer. The government faces a trade-off in its delegation decision: bureaucrats have knowledge of … incentives to delegate. Furthermore, we discuss how partial delegation, i.e., delegation followed by laws and regulations that … restrict bureaucratic discretion, increases the scope of delegation. We characterize the optimal delegation rule and show that …

of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model’s predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are …