Iossa et al., 2015 - Google Patents
Pessimistic information gatheringIossa et al., 2015
View PDF- Document ID
- 16995841941711393213
- Author
- Iossa E
- Martimort D
- Publication year
- Publication venue
- Games and Economic Behavior
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Snippet
An agent gathers information on productivity shocks and accordingly produces on behalf of a principal. Information gathering is imperfect and whether it succeeds or not depends on the agent's effort. Contracting frictions come from the fact that the agent is pessimistic on the …
- 230000035939 shock 0 abstract description 98
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