Delegation and incentives
نویسندگان
چکیده
منابع مشابه
Delegation and nonmonetary incentives
In many contracting settings, actions costly to one party but with no direct benefits to the other (money-burning) may be part of the explicit or implicit contract. A leading example is bureaucratic procedures in an employer-employee relationship. We study a model of delegation with an informed agent, where the principal may impose money-burning on the agent as a function of the agent’s choice ...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2008
ISSN: 0741-6261,1756-2171
DOI: 10.1111/j.1756-2171.2008.00033.x