Common agency, organizational design and the hold-up problem

Vinicius Carrasco

Economics Letters, 2010, vol. 108, issue 3, 264-268

Abstract: This paper shows that, in comparison to a single-regulator arrangement, when an agent reports to two regulators, he is confronted with more powerful ex-post incentives. This generates, from an ex-ante perspective, higher incentives for relationship-specific investment.

Keywords: Regulation; Common; agency; Relationship-specific; investments (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:3:p:264-268

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