Sentence examples for decentralized supervision from inspiring English sources

The results show that hierarchical supervision dominates decentralized supervision when the bias of the local supervisor is high and the costs of getting local information from the center are low.

Summing up, I have shown that hierarchical supervision dominates decentralized supervision when the possible capture of the local supervisor is a significant concern and the costs of getting local knowledge are not too large.

Figure 6 shows the results.22 Decentralized supervision dominates in Region D, where (gamma _{c}) is large and (delta _{l}) is small, that is when the cost advantage of the local supervisor is sufficiently large to compensate the bias in its liquidation decision.

Under decentralized supervision, only the local supervisor collects information and decides on the liquidation of the bank.

This setup may be interpreted as a model of decentralized supervision in which supervisory responsibilities are allocated to a local supervisor or a model of centralized supervision in which supervisory responsibilities are allocated to a central supervisor.

Similarly, the higher the liquidation cost the local supervisor (delta _{l}) the lower the likelihood that decentralized supervision will be optimal, because as shown in Fig. 3b the local supervisor will have an incentive to exert too little effort.

This means that moving from decentralized to hierarchical supervision implies a reduction in the liquidation cost of the local supervisor and an increase in the liquidation cost of the central supervisor.

This section compares in welfare terms three possible institutional arrangements: decentralized, hierarchical, and centralized supervision.

Section 4 compares in terms of welfare three possible institutional arrangements: decentralized, hierarchical, and centralized supervision.

The main contribution of the paper is to characterize the conditions under which one of the three institutional arrangements, namely decentralized, hierarchical, and centralized supervision, dominates in welfare terms the other two.

Five months after the shooting, Mr. Safir decentralized the roving teams of officers, putting them under the supervision of the commanders who oversee police patrols in each borough.