著者ちょしゃ
Mark Armstrong, John Vickers
公開こうかい
2010/1
論文ろんぶん
Econometrica
まき
78
ごう
1
ページ
213-244
出版しゅっぱんしゃ
Blackwell Publishing Ltd
説明せつめい
We present a model in which a principal delegates the choice of project to an agent with different preferences. The principal determines the set of projects from which the agent may choose. The principal can verify the characteristics of the project chosen by the agent, but does not know which other projects were available to the agent. We consider situations where the collection of available projects is exogenous to the agent but uncertain, where the agent must invest effort to discover a project, where the principal can pay the agent to choose a desirable project, and where the principal can adopt more complex schemes than simple permission sets.
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