Delegation, Externalities and Organizational Design
|Title||Delegation, Externalities and Organizational Design|
|Publication Type||Working Paper|
|Year of Publication||2007|
|Authors||A. Gautier, D. Paolini|
In a repeated interaction between a principal and two agents with inter-agents externalities and asymmetric information, we show that optimal decentralization within the organization is limited to the …first period and across agents.