-employee relationship. We study a model of delegation with an informed agent, where the principal may impose money-burning on the agent as a … some results novel to the delegation literature. First, money-burning is more likely if the principal is more sensitive to …

Supplementary Appendix to "Delegation and Nonmonetary Incentives."The paper "Delegation and Nonmonetary Incentives" to …

The author analyses delegation in homogenous duopoly under the assumption that firm-managers compete in supply … delegation reduces per-firm output and increases profits to above-Cournot profits. Moreover, in supply function equilibrium, the …

The author analyses delegation in homogenous duopoly under the assumption that the firm-managers compete in supply … the author finds that owners give managers incentives to act in an accommodating way. As a result, optimal delegation …