The organization of expertise in the presence of communication
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Flavia RoldÃ¡n: Universidad ORT Uruguay. Facultad de AdministraciÃ³n y Ciencias Sociales. Departmento de EconomÃa / Universidad de Navarra. IESE Business Schooll. Public-Private Sector Research Center
Authors registered in the RePEc Author Service: Flavia Roldán
No 81, Documentos de InvestigaciÃ³n from Universidad ORT Uruguay. Facultad de AdministraciÃ³n y Ciencias Sociales
Principal decision-makers are sometimes obliged to rely on multiple sources of information when drawing conclusions about the desirability of given actions in response to decisions they face. They may hire specialized agents to inform their decisions. Principals have authority both to allow communication among agents of information and to prevent information-sharing. I assume that communication facilitates the emergence of some complementarities among agents, but it may also promote collusion. I study the optimal design of contracts focusing on how to sequence communication of expertise. I show that from a principalâ€™s point of view, when the advantages of allowing communication dominate, communication is more effective before effort choices are made rather than after.
Keywords: information acquisition; communication; collusion; expertise; organization (search for similar items in EconPapers)
JEL-codes: D81 D82 L23 (search for similar items in EconPapers)
Pages: 21 pages
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Journal Article: The organization of expertise in the presence of communication (2013)
Working Paper: The organization of expertise in the presence of communication (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:avs:wpaper:81
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