Delegation, externalities and organizational design
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Gautier, Axel and Paolini, Dimitri (2009) Delegation, externalities and organizational design. Economics Bulletin, Vol. 29 (4), p. 2683-2692. eISSN 1545-2921. Article. Full text not available from this repository. Alternative URLs: AbstractIn 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.
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