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Internalizing team production externalities through delegation: the British passenger rail sector as an example

Hortala-Vallve, Rafael and Sanchez-Villalba, Miguel (2009) Internalizing team production externalities through delegation: the British passenger rail sector as an example. Economica, 77 (308). pp. 785-792. ISSN 0013-0427

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Abstract

We show that in situations of team production, the associated externality between workers can be partially internalized via the delegation of authority of contracting rights, thus improving the overall efficiency of organizations. A delegated structure provides further incentives to individuals in higher tiers of the hierarchy because it makes them residual claimants. Our model sheds light on recent debates about the organization of the British passenger rail sector.

Item Type: Article
Official URL: http://www.wiley.com/bw/journal.asp?ref=0013-0427
Additional Information: © 2010 Wiley-Blackwell
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HE Transportation and Communications
Sets: Departments > Government
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 20 Jul 2010 12:47
URL: http://eprints.lse.ac.uk/28654/

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