Monitoring subcontracting in a suppliers' hierachy
In this paper we study the delegation of a production process in a three-tier hierarchy. The principal contracts directly only with the supplier that produces the first input leaving him in charge of the contract for the production of the second input. We allow the principal to costlessly monitor th...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2005
|