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We analyse the design of decision rules by a principal who faces an informed but biased agent and who is unable to commit to contingent transfers. The contracting problem reduces to a delegation problem in which the principal commits to a set of decisions from which the agent chooses his...
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We analyse the design of decision rules by a principal who faces an informed but biased agent and who is unable to commit to contingent transfers. The contracting problem reduces to a delegation problem in which the principal commits to a set of decisions from which the agent chooses his...
Persistent link: https://www.econbiz.de/10005672648
Persistent link: https://www.econbiz.de/10007227176
Persistent link: https://www.econbiz.de/10007803977
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