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
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.
|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|
Actions (login required)
|Record administration - authorised staff only|