Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10012821253
Persistent link: https://www.econbiz.de/10014393286
Persistent link: https://www.econbiz.de/10011485534
Persistent link: https://www.econbiz.de/10011921512
Persistent link: https://www.econbiz.de/10012301545
Persistent link: https://www.econbiz.de/10012546901
Consider a setting in which a principal induces effort from an agent to reduce the arrival rate of a Poisson process of adverse events. The effort is costly to the agent, and unobservable to the principal, unless the principal is monitoring the agent. Monitoring ensures effort but is costly to...
Persistent link: https://www.econbiz.de/10012853741
Persistent link: https://www.econbiz.de/10015361747
Persistent link: https://www.econbiz.de/10014551043
We consider a principal repeatedly allocating a single resource in each period to one of multiple agents, whose values are private, without relying on monetary payments over an infinite horizon with discounting. We design a dynamic mechanism without monetary transfers, which induces agents to...
Persistent link: https://www.econbiz.de/10014122577