Delegation of Authority by an Agent

Delegation of Authority as an Optimal (In)complete Contract

Delegation of Authority as an Optimal (In)complete Contract The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from an investment that raises the value of an...

Hierarchical policy delegation in multiple-authority ABE

We present HM-ABE, a hierarchical multi-authority attributebased encryption scheme with policy delegation, that generalizes current work significantly. Current methods require encryptors to build ciphertext access policies themselves, using attributes published by authority domains. This causes problems, both since authorities may not publish sensitive attributes, and since users may not unders...

FS IV 02 – 26 Delegation versus Authority

Delegation versus Authority by Daniel Krähmer The paper studies the role of delegation and authority within a principal-agent relation in which a non-contractible action has to be taken. The agent has private information relevant for the principal, but has policy preferences different from the principal. Consequently, an information revelation problem arises. We contribute to the literature by ...

The "Authority”of an Agent Definition

Implicit Incentives and Delegation of Decision-Making Authority

This paper studies delegation of authority in a setting that combines the incentive view of delegation pioneered by Aghion and Tirole [1997], the informational theory of delegation emphasized by Dessein [2002], the learning possibility put forth by Aghion, Dewatripont, and Rey [2004] and the career concerns literature spawned by Holmström [1999]. I show that the principal may choose delegation ...