justice and a loss of control over the size of the sanction. We use the signaling model of social behavior by Bénabou and …

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 …

This paper addresses the question of delegation in a partial contracting set-up, where only the control over actions is … with delegation, is valuable for the principal if she retains control over the second decision. Hence, this paper provides … a new rational for partial delegation: a transfer of control to the better-informed party can be used by the supervisor …