研讨论文
《Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment》
by Steven R. Grenadier, Andrey Malenko, and Nadya Malenko，American Economic Review 2016
主讲人
王岑文（402cc永利中国公共财政与政策研究院研究生）
内容简介
This paper studies timing decisions between an uninformed principal and an informed, biased agent. A key asymmetry emerges: when the agent favors late exercise, communication is highly effective. Time's irreversibility acts as a commitment device, making centralization optimal. Conversely, when the agent favors early exercise, communication is inefficient as the principal is tempted to delay. In this scenario,delegating authority can be superior if the agent's bias is small. The direction of bias, therefore, critically determines whether centralization or delegation is the preferred organizational structure for dynamic decisions.
点评老师
张志祥、尹训东、史博文
时间
7月24日(18:20-20:00）
线下地址
学院南路校区学术会堂712
活动对象
402cc永利集团学生
人数规模
30人
主办单位
402cc永利集团
撰稿：王岑文
审稿：尹训东
编辑：沈嘉怡
审核：王颖
