Do Side Payments Help? Collective Decisions and Strategic Delegation


I investigate when side payments facilitate cooperation in a context with strategic delegation. On the one hand, allowing side payments may be necessary when one party’s participation constraint otherwise would be violated. On the other, with side payments each principal appoints a delegate that values the project less, because this increases her bargaining… (More)



Citations per Year

Citation Velocity: 5

Averaging 5 citations per year over the last 3 years.

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