Journal article
Informational control and organizational design
Abstract
This paper focuses on issues of allocating authority between an uninformed principal and an informed expert. We analyze the benefits of informational control—restricting the precision of the expert's information (without learning its content). In this case, the result of Dessein (2002) [8] that delegating decisions to a perfectly informed expert is better than communication when preferences between the expert and the principal are not too far …
Authors
Ivanov M
Journal
Journal of Economic Theory, Vol. 145, No. 2, pp. 721–751
Publisher
Elsevier
Publication Date
3 2010
DOI
10.1016/j.jet.2009.11.002
ISSN
0022-0531