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Title:Flexible Contracts Author(s):GOTTARDI, Piero
; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2011-01-01Type:Working PaperSeries/Number:EUI ECO; 2011/26Abstract: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 ...
; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2011-01-01Type:Working PaperSeries/Number:EUI ECO; 2011/26Abstract: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 ...