Why Delegate? (Paperback)

Paperback. Why Delegate? moves beyond the standard economic accounts of delegation to offer a fresh take on a wide variety of issues and shows how essential the act of delegating is to our society.From mundane tasks like choosing a plumber to weightier ones like running a country, the world turns on delegation. We delegate particular tasks to people we believe have more expertise than we do. Whenit is successful, delegation improves efficiency, expands the range of responsible actors, and even increases happiness. When delegation fails, though, it brings conflict, corruption, and an absence of accountability.In Why Delegate?,Neil J. Mitchell investigates the incentives to delegate and the risks we take in doing so. He demonstrates how a new, modified understanding of the simple structure of the delegation relationship-the principal-agent relationship, as economists have described it-simplifies a myriad of important and seemingly disparate problems in private and public life. Using real-world case studies including child abuse in the Catholic Church, the Volkswagen pollution scandal, and FIFA corruption, Mitchellillustrates the broad functionality of delegation logic and the wide range of incentives at work in these relationships. Diverse examples reveal the opportunism of both the leaders and the led and showhow accepted accounts of the principal-agent relationship are incomplete. By drawing on multidisciplinary research to address complex questions of motivation, control, responsibility, and accountability, the book builds a broader, more useful logic of delegation.Why Delegate? moves beyond the standard economic accounts of delegation to offer a fresh take on a wide variety of issues and shows how essential the act of delegating is to our society. Mitchell'scomprehensive account of the contexts, causes, and effects of delegation develops a new way to understand both the theory and practice of this critical relationship. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…