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Accept or reject? An organizational perspective
| Content Provider | Semantic Scholar |
|---|---|
| Author | Garfagnini, Umberto Ottaviani, Marco Sørensen, Peter Norman |
| Copyright Year | 2014 |
| Abstract | This paper compares the relative performance of different organizational structures for the decision of accepting or rejecting a project of uncertain quality. When the principal is uninformed and relies on the advice of an informed and biased agent, cheap-talk communication is persuasive and it is equivalent to delegation of authority, provided that the agent's bias is small. When the principal has access to additional private information, cheap-talk communication dominates both (conditional) delegation and more democratic organizational arrangements such as voting with unanimous consensus. |
| Starting Page | 66 |
| Ending Page | 74 |
| Page Count | 9 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/j.ijindorg.2014.03.004 |
| Volume Number | 34 |
| Alternate Webpage(s) | https://research-api.cbs.dk/ws/portalfiles/portal/46753920/peter_norman_s_rensen_accept_or_reject_postprint.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/j.ijindorg.2014.03.004 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
