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| Axel Gautier and Dimitri Paolini |
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| ''Delegation, externalities and organizational design'' |
| ( 2009, Vol. 29 No.4 ) |
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| 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. |
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| Keywords: Delegation, Hierarchy, Asymmetric information |
JEL: D8 - Information, Knowledge, and Uncertainty: General
L2 - Firm Objectives, Organization, and Behavior: General |
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| Manuscript Received : Sep 07 2009 | | Manuscript Accepted : Oct 28 2009 |
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