This article analyzes the relation between authority and incentives. It extends the standard principal-agent model by a project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority. The agent’s subsequent choice of effort depends both on monetary incentives and the selected project. We find that the consideration of effort incentive...

This paper seeks to explain the success of two NGOs in creating standards for calculating and reporting greenhouse gas (GHG) emissions at the level of an entire company. These emissions accounting standards, called the Greenhouse Gas Protocol, have been widely adopted by multinational firms, emissions reporting registries, and even an emissions trading scheme. The paper traces the widespread ad...

New certi cate-oriented access control systems are based on delegation of privileges. In these scenarios, resource guards have an ACL which delegates to some authorization or naming authorities the right to manage the access to the controlled resources. These authorities can issue certi cates delegating these permissions to other subordinates authorities, or to speci c users. In this way, the g...

We introduce the RT framework, a family of Rolebased Trust-management languages for representing policies and credentials in distributed authorization. RT combines the strengths of role-based access control and trustmanagement systems and is especially suitable for attributebased access control. Using a few simple credential forms, RT provides localized authority over roles, delegation in role ...

It is now well-established that privatisation brings with it re-regulation, not deregulation. However, this does not mean that we should expect that the policies once pursued under public ownership will be reintroduced by regulatory means. On the contrary, privatisation can be understood as a way of institutionalising changes in policy. This is particularly evident when privatisation is accompa...

This study aims to determine and analyze the effect of internal control system, budget target clarity delegation authority on government managerial performance uses primary data obtained from distributing questionnaires. The respondents in this were several staff employees at Governor's office South Sulawesi Province. number samples 64 respondents. Analysis research using multiple linear regres...

In new distributed, key-oriented access control systems such as SPKI, access right are delegated by a freely formed network of certificates. We formalize the concept of a delegation network and present a formal semantics for the delegation of access rights with certificates. The certificates can have multiple subjects who must co-operate to use the authority. Some fundamental properties of the ...

Standard agency theories predict a positive relationship between incentive pay and delegating authority when workers have private benefits across projects. We consider a different framework where projects have a positive risk-return tradeoff. Weaker incentives encourage risk taking and thus induce higher return projects (exploration) whereas stronger incentives induce effort (exploitation). As ...

What is the appropriate degree of centralization in the context of industrial policy? The basic advantage of centralization results from internalization of external e ects. While most of the literature stresses the superior information of regional authorities as a countervailing force, the present paper discusses another argument in favor of decentralization: Delegation of authority to regional...