Common and Exclusive Agencies and Partial Delegation
Abstract
Within the context of common agency, the article examines separation and partial delegation. The first entails breaking the multiple-task agency into smaller single-task agencies, whereas the second allows principals to substitute some of their efforts for the agency's. With respect to the first alternative, it is shown that common agency can be sustained against separation by the presence of strong complements. For the second alternative, principals partially delegate their effort and retain the right to influence agency output at a later stage of the game. Although this tends to weaken agency incentives, principals may prefer this version of common agency than one under full delegation and may prefer it to an exclusive one. Copyright 2007, Oxford University Press.Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic Info
Article provided by Oxford University Press in its journal The Journal of Law, Economics, and Organization.
Volume (Year): 23 (2007)
Issue (Month): 1 (April)
Pages: 141-160
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Email:
Web page: http://jleo.oupjournals.org/
Order Information:
Web: http://www.oup.co.uk/journals
Related research
Keywords:References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:oup:jleorg:v:23:y:2007:i:1:p:141-160For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.