Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment

We consider a problem where an uninformed principal makes a timing decision interacting with an informed but biased agent. Because time is irreversible, the direction of the bias crucially affects the agent's ability to credibly communicate information. When the agent favors late decision makin...

Full description

Bibliographic Details
Main Authors: Grenadier, Steven R. (Author), Malenko, Andrey (Contributor), Malenko, Nadya (Author)
Other Authors: Sloan School of Management (Contributor)
Format: Article
Language:English
Published: American Economic Association, 2017-05-16T18:53:08Z.
Subjects:
Online Access:Get fulltext