Authority and Communication in Organizations
AbstractThis paper studies delegation as an alternative for communication. We show how a principal may give up control rights in order to foster the efficient use of information present in an organization. We point out how the benefits of delegation vary with the congruence between agent and principal, the risk-aversion of the principal and the uncertainty of the environment, and we identify an important role for intermediaries to limit the loss of control under delegation and yet preserve sufficient communication.
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Bibliographic InfoPaper provided by Econometric Society in its series Econometric Society World Congress 2000 Contributed Papers with number 1747.
Date of creation: 01 Aug 2000
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Other versions of this item:
- Dessein, Wouter, 2002. "Authority and Communication in Organizations," Review of Economic Studies, Wiley Blackwell, vol. 69(4), pages 811-38, October.
- Wouter Dessein, 2002. "Authority and Communication in Organizations," Review of Economic Studies, Oxford University Press, vol. 69(4), pages 811-838.
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