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Hart, Oliver; Moore, John – Journal of Political Economy, 2005
We consider an economy that has to decide how assets are to be used. Agents have ideas, but these ideas conflict. We suppose that decision-making authority is determined by hierarchy: each asset has a chain of command, and the most senior person with an idea exercises authority. We analyze the optimal hierarchical structure given that some agents…
Descriptors: Administrative Organization, Money Management, Vertical Organization, Coordination
Wong, Kenneth K.; Dreeben, Robert; Lynn, Laurence E., Jr.; Sunderman, Gail L. – 1997
Decentralization is no longer the dominant reform strategy in the Chicago (Illinois) Public Schools. The Chicago School Reform Amendatory Act of 1995 redesigns the school governance arrangement so that power and authority are now integrated among city officials, school boards, local school councils, and a Chief Executive Officer. To examine how…
Descriptors: Administrators, Boards of Education, City Officials, Decentralization