This study examines the effect of the principal’s control over the agent’s behavior in a dynamic principal-agent model with hidden information. We show the condition that the agent who has a similar preference for actions as the principal dares to choose the unpreferred action when the...

Consumer behavior observations warrant a rationale for backlash against aggressive marketing instruments like assertive ads. This study examines the effects of a principal's control over an agent's behavior, employing a dynamic principal-agent model with hidden information on the agent's...

This study analyzes the relationship between foreign suffrage and cooperation among nations, considering a three-stage game admitting strategic delegation twice. In the first delegation stage, each country chooses whether to allow foreigners to vote in the election of the country. In the second...

We consider a common-value voting in which the state of the nature is a pair of payoff-relevant state and a variable that determines the precision and the meaning of voters' private signals. Each voter receives noisy signals about both of the states. When the number of voters is sufficiently...