Browsing ECO Working Papers by Subject "Multiple Priors"

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Browsing ECO Working Papers by Subject "Multiple Priors"

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    Title: Flexible Contracts  Author(s): GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, Paolo Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. The main focus of the paper lies in the analysis of the costs of ...
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    Title: Flexible Contracts  Author(s): GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, Paolo Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by ...