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    National Tsing Hua University Institutional Repository > 科技管理學院  > 經濟學系 > 會議論文  >  The Allocation of Decision-Making Authority when Principal has Reputation Concerns


    Please use this identifier to cite or link to this item: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45192


    Title: The Allocation of Decision-Making Authority when Principal has Reputation Concerns
    Authors: Tamada, Yasunari;Tsai, Tsung-Sheng
    教師: 蔡崇聖
    Date: 2009
    Publisher: Japan-Taiwan Contract Theory Conference
    Relation: Japan-Taiwan Contract Theory Conference,Hsin Chu,2009
    Keywords: Allocation
    Decision-Making Authority
    Abstract: This paper analyzes the allocation of decision-making authority when the principal has reputation concerns. The principal can either keep the authority, or delegate it to the agent, who has better information. An outside evaluator who forms the principal's reputation cannot observe who makes the decision. The key feature of this paper is that the principal can in°uence her reputation through her delegation policy. With reputation concerns, we show that the principal tends to keep too much the authority from the evaluator's point of view, even though sometimes her information is not good enough for her to make the decision on her own.
    URI: http://ideas.repec.org/p/pra/mprapa/20225.html
    http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45192
    Appears in Collections:[經濟學系] 會議論文

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