Delegation of decision rights and the winner's curse
Blanes i Vidal, J.
(2007).
Delegation of decision rights and the winner's curse.
Economics Letters,
94(2), 163-169.
https://doi.org/10.1016/j.econlet.2006.06.024
(2007).
Delegation of decision rights and the winner's curse.
Economics Letters,
94(2), 163-169.
https://doi.org/10.1016/j.econlet.2006.06.024
I show that delegating decision rights to subordinates increases their career concern incentives by making their performance more transparent and alleviating the winner's curse in the labour market.