Domain knowledge, ability, and the principal's authority relations
研究了管理者的不同特质如何影响委托人与代理人之间的权威关系，发现委托人领域知识增加有利于双方，而一般能力增加可能抑制代理人主动性。
I consider how different managerial traits affect the authority relation between a principal and his agent. An increase in the principal's domain knowledge—which enhances his capability to verify the agent's recommendations—leads to an increase in the proportion of the agent's recommendations that are approved, an increase in the agent's initiative, and is unambiguously beneficial to the principal and to the agent. In contrast, an increase in the principal's general ability to explore additional alternatives on his own leads to the principal making a larger proportion of the decisions. This discourages the agent's initiative and can adversely affect the principal.