| PDF (241kB) |
- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-217048
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.21704
Zusammenfassung
This paper studies a partial-contracting model where an agent may provide effort to increase a project's scope before some later (operative) decisions have to be taken. Consistent with existing empirical evidence, we find a positive relationship between exogenous risk and delegation. That is, only if the exogenous risk is sufficiently large may the risk-neutral principal prefer to delegate ...
Nur für Besitzer und Autoren: Kontrollseite des Eintrags