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Delegation versus Veto in Organizational Games of Strategic Communication

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Author Info
ANTHONY M. MARINO

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Abstract

In organizations, principals use decision rules to govern a more informed agent's behavior. We compare two such rules: delegation and veto. Recent work suggests that delegation dominates veto unless the divergence in preferences between the principal and the agent is so large that informative communication cannot take place. We show that this result does not hold in a reasonable model of veto versus delegation. In this model, veto dominates delegation for any feasible divergence in preferences, if it induces the agent to shut down low quality proposals that he would otherwise implement and if such projects have sufficient likelihood. Copyright 2007 Blackwell Publishing, Inc..

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9779.2007.00340.x
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Publisher Info
Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 9 (2007)
Issue (Month): 6 (December)
Pages: 979-992
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Handle: RePEc:bla:jpbect:v:9:y:2007:i:6:p:979-992

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  1. Tymofiy Mylovanov, 2004. "Veto-Based Delegation," Discussion Papers 129, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich, revised Jan 2005. [Downloadable!]
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This page was last updated on 2009-12-19.

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