Topics
Applications
Auctions
Bargaining
Experimental Economics
Forum
General Equilibrium
Napster
other
Other Topics
Prisoners Dilemma
Zero Sum Games
| | Thread and Full Text View
| 01/24/2001 11:39 PM by Brandon; Principal-agent model with constraint |
Sorry, this is a repost as I posted it wrongly the 1st time
Hi! I don't know if this is what you're looking for but I happen to read these pages in a book Rodrigo recommended recently. Thought it might be useful to you. Take a look [View full text and thread]
| 09/13/2000 08:53 AM by Walter; |
Could you be more specific? What I understand from your question, an agent takes decisions subject to a particular contract: "budget" contract. In this case I know that Eric Chow is studing capital misallocation when the CEO is given a fixed budget. If you are interested, check his webpage:
www.bol.ucla.edu/~swchow , Otherwise, I need more information.
[Manage messages]
Is anybody aware of existing principal-agent models where the agent exercices effort subject to constraints (for instance, a fixed budget allocated by the principal)
[View full text and thread]
|
