Empowerment and the Dark Side of Delegation

Research English OPEN
Kräkel, Matthias;
(2018)
  • Publisher: Bonn: Institute of Labor Economics (IZA)
  • Subject: D86 | J33 | J41 | M5 | commitment | delegation | limited liability | moral hazard | renegotiation
    • ddc: ddc:330

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 preferences of principal and... View more
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