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The Quality of Managers in Centralized Versus Decentralized Organizations

Stiglitz, Joseph E.; Sah, Raaj Kumar

Our objective here is to examine how the centralization or decentralization of decision-making authority affects the quality of the managers who are actually selected. This question is naturally dynamic because the quality of current managers is not only influenced by that of past managers, but it, in turn, affects the quality of future managers.


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Quarterly Journal of Economics

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June 20, 2012
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