Incentives . reputation and the allocation of authority

  title={Incentives . reputation and the allocation of authority},
  author={Florian Englmaiera and Ales Filipi and B. and Ravi Singh},
  • Florian Englmaiera, Ales Filipi, +1 author Ravi Singh
  • Published 2010
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's decision-making expertise against the cost of ensuring that the… CONTINUE READING