Search Results - subject:"optimal delegation"

Krähmer, Daniel; Kovác, Eugen - In: Journal of economic theory 163 (2016), pp. 849-888

Persistent link: https://www.econbiz.de/10011593594

Optimal Delegation with a Finite Number of States

Anesi, Vincent; Seidmann, Daniel J. - Centre for Decision Research and Experimental Economics … - 2009

This paper contributes to the literature on optimal delegation, dating back to Holmstrom's (1984) seminal work. In … of the class of optimal delegation sets under this assumption, and show that they have a different structure from that in … the continuous-state model. As the number of states tends to infinity, however, every optimal delegation set converges to …

Persistent link: https://www.econbiz.de/10008557037

Optimal Delegation with a Finite Number of States

Anesi, Vincent; Seidmann, Daniel J. - Centre for Decision Research and Experimental Economics … - 2009

Persistent link: https://www.econbiz.de/10010552249

Continuous decisions by a committee : median versus average mechanisms

Rosar, Frank - In: Journal of economic theory 159 (2015), pp. 15-65

Persistent link: https://www.econbiz.de/10011549012

Delegating optimal monetary policy inertia

Bilbiie, Florin O. - In: Journal of Economic Dynamics and Control 48 (2014) C, pp. 63-78

societal one. The paper develops a general linear-quadratic method to solve for the optimal delegation parameters that generate …

Persistent link: https://www.econbiz.de/10011077515

Delegating optimal monetary policy inertia

Bilbiie, Florin - In: Journal of economic dynamics & control 48 (2014), pp. 63-78

Persistent link: https://www.econbiz.de/10010485835

Stochastic Mechanisms in Settings without Monetary Transfers: Regular Case

Kovac, Eugen; Mylovanov, Tymofiy - 2006

We study relative performance of stochastic and deterministic mechanisms in a principal-agent model with hidden information and no monetary transfers. We present an example in which stochastic mechanisms perform strictly better than deterministic ones and can implement any outcome arbitrarily...

Persistent link: https://www.econbiz.de/10010263179

Monetary accommodation, imperfect central bank transparency and optimal delegation

Sánchez, Marcelo - In: Economics Letters 120 (2013) 3, pp. 392-396

Optimal delegation restores the beneficial effects of non-accommodating monetary policy when the central bank is …

Persistent link: https://www.econbiz.de/10011041730

The theory of optimal delegation with an application to tariff caps

Amador, Manuel; Bagwell, Kyle - In: Econometrica : journal of the Econometric Society, an … 81 (2013) 4, pp. 1541-1599

Persistent link: https://www.econbiz.de/10009793475

Monetary accommodation, imperfect central bank transparency and optimal delegation

Sánchez, Marcelo - In: Economics letters 120 (2013) 3, pp. 392-396

Persistent link: https://www.econbiz.de/10010128804