Hendrikse, Hendrikse, G.W.J.; Veerman, Veerman, C.P. - Erasmus Research Institute of Management (ERIM), … - 2003
Two extensions are formulated of the analysis of the allocation of decision rights in Hendrikse and Veerman (2001). First, the incomplete contracts in their article can be viewed as simple long-term contracts, i.e. it is not allowed to make the allocation of authority contingent on the...