The existing delegation literature has focused on different preferences of principal and agent concerning project … selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the … without task commitment and other behavioral effects the principal might forgo delegation though being efficient. …

relates to the candidates' type'. Delegation is then superior to direct (owner) recruitment and offering tenure' or guaranteed …

We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …

relates to the candidates' 'type'. Delegation is then superior to direct (owner) recruitment and offering 'tenure' or …

We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …

delegation and show how simple indirect mechanisms can improve efficiency in a simple model of moral hazard. …

delegation bears on moral hazard and adverse selection. Agents may care about autonomy for reasons of job-satisfaction, status or … greater reputation of perform-ance under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter is increasing, the de-gree of delegation assigned to …

We consider resource allocation within an organisation and show how delegation bears on moral hazard and adverse … greater reputation when performing well under autonomy. Separating allocations (overall budget and degree of delegation) are … characterised depending on the preference for autonomy. As the latter increases, the degree of delegation assigned to productive and …