Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10015271661
Persistent link: https://www.econbiz.de/10011987536
Persistent link: https://www.econbiz.de/10011750048
Persistent link: https://www.econbiz.de/10011549261
We develop a dynamic adverse selection model where a career-concerned buy-side analyst advises a fund manager about investment decisions. The analyst's ability is privately known, as is any information she learns over time. The manager wants to elicit information to maximize fund performance...
Persistent link: https://www.econbiz.de/10012849367
We model new experience goods in the context of dynamic mechanism design. These are goods for which an agent is unsure of her valuation but can learn it through consumption experience. We consider a dynamic environment with a single buyer and seller in which contracting occurs over T periods,...
Persistent link: https://www.econbiz.de/10012723538
Persistent link: https://www.econbiz.de/10012210210
Persistent link: https://www.econbiz.de/10012104412
Persistent link: https://www.econbiz.de/10013477612
Motivated by markets for ''expertise,'' we study a bandit model where a principal chooses between a safe and risky arm. A strategic agent controls the risky arm and privately knows whether its type is high or low. Irrespective of type, the agent wants to maximize duration of experimentation with...
Persistent link: https://www.econbiz.de/10013273779