Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/20564 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorRoider, Andreasen
dc.date.accessioned2009-01-28T16:15:02Z-
dc.date.available2009-01-28T16:15:02Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20564-
dc.description.abstractThe present paper aims to contribute to the literature on the foundations of incompletecontracts by providing conditions under which simple delegation of authority is the solution tothe complete-contracting problem of the parties. We consider a hold-up framework whereboth parties profit from an investment that raises the value of an asset. Delegation turns outto be optimal if (i) the decision-dependent parts of the payoffs of the parties are linear in theasset value, and (ii) decisions have no investment-independent effect. If overinvestmentmight be an issue, delegation, however, with restricted competencies is optimal if someadditional continuity requirements are met.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1298en
dc.subject.jelL14en
dc.subject.jelD23en
dc.subject.jelD82en
dc.subject.jelL22en
dc.subject.ddc330en
dc.subject.keyworddelegationen
dc.subject.keyworddecentralizationen
dc.subject.keywordauthorityen
dc.subject.keywordincomplete contractsen
dc.subject.keywordhold-upen
dc.subject.keywordproperty rightsen
dc.subject.stwKooperative Führungen
dc.subject.stwDezentrale Organisationen
dc.subject.stwUnvollständiger Vertragen
dc.subject.stwEigentumsrechtstheorieen
dc.subject.stwInvestitionen
dc.subject.stwSunk Costsen
dc.subject.stwTheorieen
dc.titleDelegation of Authority as an Optimal (In)complete Contract-
dc.typeWorking Paperen
dc.identifier.ppn464451868en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
410.04 kB





Publikationen in EconStor sind urheberrechtlich geschützt.