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This paper is concerned with job design, i.e. the grouping of tasks into jobs, in teams of risk-neutral homogeneous agents. It shows that, when only some tasks are observable by the agents or monitorable by the principal, job design can restrict the set of sequential equilibria to the Pareto...
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This article is concerned with job design, that is, the grouping of tasks into jobs, in teams of risk-neutral homogeneous agents. It shows that when only some tasks are observable by the agents or monitorable by the principal, job design can restrict the set of sequential equilibria to the...
Persistent link: https://www.econbiz.de/10005436378
The survey is focused on the typical problems in information transmission from experts to non-experts. Attention is paid to the factors that can affect information disclosure in models that apply a game-theoretic approach to the use of professional advice. In the economic literature expertise is...
Persistent link: https://www.econbiz.de/10010728141
For strategic communication games à la Crawford and Sobel (Econometrica 50:1431–1451, <CitationRef CitationID="CR3">1982</CitationRef>) the paper shows that under some prior beliefs different equilibrium partitions of the state space can have equal cardinality. Hence, there can be different equilibrium action profiles with the same...</citationref>
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