Delegation , Committees , and Managers

  title={Delegation , Committees , and Managers},
  author={Birger Wernerfelt},
Attempts to economize on decision-making time imply that groups of peers may delegate authority to a small committee of managers even though this means that the information and preferences of the uninvolved players are neglected. Decisions are more likely to be delegated to players with better information and more representative preferences. The possibility… CONTINUE READING