On stability and incentives in hierarchies
نویسنده
چکیده
Situations where a group of individuals takes collective decisions are subject to instabilities when subgroups may form. In this paper, we analyze how a hierarchical organization avoids such instabilities, while distributing some power among the subordinates and the subgroups they may form. Incentives to reveal private information are also studied. DELTA, 48 Boulevard Jourdan, Paris, 75014 France e-mail: [email protected]
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