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http://hdl.handle.net/10419/22938
  
Title:On Delegation under Relational Contracts PDF Logo
Authors:Gürtler, Oliver
Issue Date:2005
Series/Report no.:Bonn econ discussion papers 2005,32
Abstract:The benefits and costs of di¤erent forms of job design have been analyzed in the literature yet. The focus has thereby mostly been on job designs under formal contracts between the parties. However, in the real world relational contracts - informal agreements sustained by the value of future relationships - play a role as important as formal ones. This paper therefore considers the advantages and disadvantages of two different kinds of job design, partial delegation and complete delegation with specialization, when the parties make use of both, formal and informal agreements. It is found that many of the results derived in the absence of informal contracts will no longer hold, if these contracts become available.
Subjects:Job design
relational contracts
formal contracts
delegation
JEL:L23
J33
D82
M54
M52
Document Type:Working Paper
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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