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Externalities, communication and the allocation of decision rights
Bester, Helmut - In: Economic theory : official journal of the Society for … 41 (2009) 2, pp. 269-296
Persistent link: https://www.econbiz.de/10003874067
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Externalities, communication and the allocation of decision rights
Bester, Helmut (contributor) - 2005
Persistent link: https://www.econbiz.de/10003274097
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the … organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal … private information. In the case of multiple decision areas, divided control rights may enhance organizational efficiency …
Persistent link: https://www.econbiz.de/10010371079
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Externalities and the allocation of decision rights in the theory of the firm
Bester, Helmut - 2004 - Version 1.3, April 2004
decision maker's objective. The optimal assignment of decision rights minimizes the resulting inefficiencies. We illustrate … decision right to the agent to implement ' small' projects. Extensions of the model discuss the role of effort incentives …
Persistent link: https://www.econbiz.de/10010366572
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Externalities and the allocation of decision rights in the theory of the firm
Bester, Helmut - 2002
Persistent link: https://www.econbiz.de/10013423872
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the … organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal … private information. In the case of multiple decision areas, divided control rights may enhance organizational efficiency …
Persistent link: https://www.econbiz.de/10010299085
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Coase (1937) revisited : endogenous fiat in firms and markets
Zanarone, Giorgio - In: International review of economics : journal of civil economy 59 (2012) 2, pp. 201-221
Persistent link: https://www.econbiz.de/10009570077
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Externalities and the allocation of decision rights in the theory of the firm
Bester, Helmut - 2002
Persistent link: https://www.econbiz.de/10001738479
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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011526817
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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011521953