Sequential Decisions with Several Agents

We consider k agents who have different subjective probabilities and are utility maximizers. A planner, who knows the beliefs of the agents, maximizes the social expected utility, which is increasing and symmetric in the utilities of the agents. She does that by optimally stopping the flow of information released to the agents. The explicit form of the optimal stopping time is given

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Year of publication:	1999
Authors:	Bassan, Bruno ; Scarsini, Marco
Publisher:	[S.l.] : SSRN
Subject:	Prinzipal-Agent-Theorie \| Agency theory \| Entscheidung \| Decision \| Agentenbasierte Modellierung \| Agent-based modeling \| Entscheidungstheorie \| Decision theory
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory, Vol. 12, Iss. 2, August 19, 1998 Volltext nicht verfügbar
Classification:	D83 - Search, Learning, Information and Knowledge
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014216078