Showing 1 - 10 of 691,689
This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also requires the use of an appropriate incentive contract...
Persistent link: https://www.econbiz.de/10013116425
Persistent link: https://www.econbiz.de/10001734416
Persistent link: https://www.econbiz.de/10001744226
Persistent link: https://www.econbiz.de/10008903123
Persistent link: https://www.econbiz.de/10001599490
management position. However, if non-contractible managerial decision rights give rise to private benefits and preference … managerial decision rights and performance-based promotions leads to a situation often referred to as the Peter principle … performance-based promotions and restricting managerial decision rights. …
Persistent link: https://www.econbiz.de/10012138859
We study, experimentally, how two alternative incentive mechanisms affect team performance, and how a team chooses between alternative mechanisms. We study a group incentive mechanism, where team output is shared equally among team members, and a hierarchical mechanism team output is allocated...
Persistent link: https://www.econbiz.de/10010515808
Persistent link: https://www.econbiz.de/10011757438
In this paper, a principal's decision between delegating two tasks or handling one of the two tasks herself is analyzed …
Persistent link: https://www.econbiz.de/10010365874
Persistent link: https://www.econbiz.de/10011482637