1. noting that a common approach to modeling firms assumes;Firm;1 Handbook of Industrial Organization,1989
2. 1982) (employing a grand contracting approach to modeling incentive systems within organizations that limit side-contracting and coalition formation);Jean-Jacques Laffont & Eric Maskin;Advances in Economic Theory
3. O]rganizations can be seen as networks of overlapping or nested principal/agent relationships;Jean Tirole;J.L. Econ. & Org,1986
4. can be thought of as a cascade of principal-agent relationships, each supervisor acting as a principal in relation to his subordinates, and as an agent in relation to his own supervisor"); see also Kenneth J. Arrow, The Limits of Organization;See Roy Radner;J. Econ. Literature,1974