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9 a.m. - 8 p.m.
Phone: (843) 805-6888
Main Library
9 a.m. - 8 p.m.
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McClellanville Library
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Folly Beach Library
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Miss Jane's Building (Edisto Library Temporary Location)
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West Ashley Library
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John L. Dart Library
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St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
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Mt. Pleasant Library
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Dorchester Road Library
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Edgar Allan Poe/Sullivan's Island Library
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John's Island Library
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Otranto Road Library
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Internalizing Team Production Externalities through Delegation: The British Passenger Rail Sector as an Example.
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- Author(s): HORTALA-VALLVE, RAFAEL1; SANCHEZ VILLALBA, MIGUEL2
- Source:
Economica. Oct2010, Vol. 77 Issue 308, p785-792. 8p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: 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. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Economica is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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