Contracting Theory with Competitive Interacting Agents
نویسندگان
چکیده
منابع مشابه
Optimal Contracting with Reciprocal Agents in a Competitive Search Model
The presented paper offers a simple search model of the labor market to explain the empirical findings on the role of reciprocity for labor market outcomes as reported by Dohmen et al. (2009). In an agency setting where profit-maximizing firms compete for heterogeneous reciprocal workers, with full information about workers’ types, reciprocal workers who are willing to engage in gift exchange a...
متن کاملContracting with Diversely Naive Agents
A principal contracts with agents who have diverse abilities to forecast changes in their future tastes. While the principal knows that the agent’s tastes are changing, the agent believes that with probability θ, his future preferences will be identical to his present preferences. The principal does not observe θ, but he knows the probability distribution from which it is drawn. Thus, the agent...
متن کاملLong-Term Contracting with Time-Inconsistent Agents∗
In many contractual relationships, consumers are allowed to terminate agreements at will. We study how removing commitment power from consumers affects equilibrium contracts and welfare when consumers have self-control problems. We show that removing commitment power is welfare improving when consumers are sufficiently dynamically inconsistent. Controlling for impatience, it is easier to sustai...
متن کاملIntelligent Contracting Agents Language
This paper presents ongoing work in the definition of a contracting language, which can be used not only to specify agreed behaviour in service-oriented architectures but also for agentmediated systems. The contract clauses are based in deontic notions such as obligations, permissions and prohibitions. The language not only covers the contract document itself but several layers of communication...
متن کاملInteracting with Emotional Virtual Agents
Sensitive Artificial Listener (SAL) is a multimodal dialogue system which allows users to interact with virtual agents. Four characters with different emotional traits engage users is emotionally coloured interactions. They not only encourage the users into talking but also try to drag them towards specific emotional states. Despite the agents very limited verbal understanding, they are able to...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SIAM Journal on Control and Optimization
سال: 2019
ISSN: 0363-0129,1095-7138
DOI: 10.1137/17m1121202