Multi-task agency with unawareness
Author
Suggested Citation
DOI: 10.1007/s11238-013-9397-9
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Jean Tirole, 2009.
"Cognition and Incomplete Contracts,"
American Economic Review, American Economic Association, vol. 99(1), pages 265-294, March.
- Tirole, Jean, 2008. "Cognition and Incomplete Contracts," IDEI Working Papers 453, Institut d'Économie Industrielle (IDEI), Toulouse.
- Xavier Gabaix & David Laibson, 2018.
"Shrouded attributes, consumer myopia and information suppression in competitive markets,"
Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 3, pages 40-74,
Edward Elgar Publishing.
- Xavier Gabaix & David Laibson, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 505-540.
- Xavier Gabaix & David Laibson, 2005. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," NBER Working Papers 11755, National Bureau of Economic Research, Inc.
- Laibson, David I. & Gabaix, Xavier, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," Scholarly Articles 4554333, Harvard University Department of Economics.
- Kfir Eliaz & Ran Spiegler, 2006.
"Contracting with Diversely Naive Agents,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(3), pages 689-714.
- Spiegler, Ran & Eliaz, Kfir, 2004. "Contracting with Diversely Naive Agents," CEPR Discussion Papers 4573, C.E.P.R. Discussion Papers.
- Kfir Eliaz & Ran Spiegler, 2004. "Contracting with Diversely Naïve Agents," Levine's Bibliography 122247000000000530, UCLA Department of Economics.
- Patrick Bolton & Mathias Dewatripont, 2005.
"Contract Theory,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262025760, April.
- Mathias Dewatripont & Patrick Bolton, 2005. "Contract theory," ULB Institutional Repository 2013/9543, ULB -- Universite Libre de Bruxelles.
- Sarah Auster, 2012. "Asymmetric Awareness and Moral Hazard," Economics Working Papers ECO2012/23, European University Institute.
- Hart, Oliver & Moore, John, 1990.
"Property Rights and the Nature of the Firm,"
Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
- Oliver Hart & John Moore, 1988. "Property Rights and the Nature of the Firm," Working papers 495, Massachusetts Institute of Technology (MIT), Department of Economics.
- Hart, Oliver D. & Moore, John, 1990. "Property Rights and the Nature of the Firm," Scholarly Articles 3448675, Harvard University Department of Economics.
- Patrick Bolton & Antoine Faure-Grimaud, 2010.
"Satisficing Contracts,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(3), pages 937-971.
- Patrick Bolton & Antoine Faure-Grimaud, 2009. "Satisficing Contracts," NBER Working Papers 14654, National Bureau of Economic Research, Inc.
- Dye, Ronald A, 1985. "Costly Contract Contingencies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(1), pages 233-250, February.
- Filiz-Ozbay, Emel, 2012. "Incorporating unawareness into contract theory," Games and Economic Behavior, Elsevier, vol. 76(1), pages 181-194.
- Kathryn E. Spier, 1992. "Incomplete Contracts and Signalling," RAND Journal of Economics, The RAND Corporation, vol. 23(3), pages 432-443, Autumn.
- Holmstrom, Bengt & Milgrom, Paul, 1987.
"Aggregation and Linearity in the Provision of Intertemporal Incentives,"
Econometrica, Econometric Society, vol. 55(2), pages 303-328, March.
- Bengt Holmstrom & Paul R. Milgrom, 1985. "Aggregation and Linearity in the Provision of Intertemporal Incentives," Cowles Foundation Discussion Papers 742, Cowles Foundation for Research in Economics, Yale University.
- Aghion, Philippe & Bolton, Patrick, 1987. "Contracts as a Barrier to Entry," American Economic Review, American Economic Association, vol. 77(3), pages 388-401, June.
- Viktor J. Vanberg, 2002. "Rational Choice vs. Program-based Behavior," Rationality and Society, , vol. 14(1), pages 7-54, February.
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- DessÃ, Roberta, 2009.
"Contractual Execution, Strategic Incompleteness and Venture Capital,"
CEPR Discussion Papers
7413, C.E.P.R. Discussion Papers.
- Dessi, Roberta, 2009. "Contractual Execution, Strategic Incompleteness and Venture Capital," TSE Working Papers 09-075, Toulouse School of Economics (TSE).
- Dessi, Roberta, 2009. "Contractual Execution, Strategic Incompleteness and Venture Capital," IDEI Working Papers 465, Institut d'Économie Industrielle (IDEI), Toulouse.
- Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
- Pierpaolo Battigalli & Giovanni Maggi, 2002. "Rigidity, Discretion, and the Costs of Writing Contracts," American Economic Review, American Economic Association, vol. 92(4), pages 798-817, September.
- Leandro Rêgo & Joseph Halpern, 2012. "Generalized solution concepts in games with possibly unaware players," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(1), pages 131-155, February.
- Bernheim, B Douglas & Whinston, Michael D, 1998.
"Incomplete Contracts and Strategic Ambiguity,"
American Economic Review, American Economic Association, vol. 88(4), pages 902-932, September.
- B. Douglas Bernheim & Michael D. Whinston, 1997. "Incomplete Contracts and Strategic Ambiguity," Harvard Institute of Economic Research Working Papers 1787, Harvard - Institute of Economic Research.
- Luca Anderlini & Leonardo Felli, 1999.
"Incomplete Contracts and Complexity Costs,"
Theory and Decision, Springer, vol. 46(1), pages 23-50, February.
- Anderlini, Luca & Felli, Leonardo, 1998. "Incomplete Contracts and Complexity Costs," MPRA Paper 28483, University Library of Munich, Germany.
- Ernst-Ludwig Von Thadden & Xiaojian Zhao, 2012. "Incentives for Unaware Agents," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 1151-1174.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Inés Macho-Stadler & David Pérez-Castrillo, 2018.
"Moral hazard: Base models and two extensions,"
Chapters, in: Luis C. Corchón & Marco A. Marini (ed.), Handbook of Game Theory and Industrial Organization, Volume I, chapter 16, pages 453-485,
Edward Elgar Publishing.
- Ines Macho-Stadler & David Pérez-Castrillo, 2016. "Moral Hazard: Base Models and Two Extensions," CESifo Working Paper Series 5851, CESifo.
- Inés Macho-Stadler & David Pérez-Castrillo, 2016. "Moral Hazard: Base Models and Two Extensions," Working Papers 883, Barcelona School of Economics.
- Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2020. "Operationalizing Reverse Bayesianism," Discussion Papers 2020-18, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Antoine Dubus, 2017. "Asymmetric Awareness and Heterogeneous Agents," Working Papers hal-01521487, HAL.
- Auster, Sarah & Pavoni, Nicola, 2024.
"Optimal delegation and information transmission under limited awareness,"
Theoretical Economics, Econometric Society, vol. 19(1), January.
- Sarah Auster & Nicola Pavoni, 2021. "Optimal Delegation and Information Transmission under Limited Awareness," ECONtribute Discussion Papers Series 059, University of Bonn and University of Cologne, Germany.
- Sarah Auster & Nicola Pavoni, 2023. "Optimal Delegation and Information Transmission under Limited Awareness," CRC TR 224 Discussion Paper Series crctr224_2023_256v3, University of Bonn and University of Mannheim, Germany.
- Auster, Sarah & pavoni, Nicola, 2023. "Optimal delegation and information transmission under limited awareness," CEPR Discussion Papers 18296, C.E.P.R. Discussion Papers.
- Auster, Sarah, 2013. "Asymmetric awareness and moral hazard," Games and Economic Behavior, Elsevier, vol. 82(C), pages 503-521.
- Ying-Ju Chen & Xiaojian Zhao, 2013. "Solution Concepts of Principal-Agent Models with Unawareness of Actions," Games, MDPI, vol. 4(3), pages 1-24, August.
- Antoine Dubus, 2020. "Asymmetric awareness and heterogeneous agents," Rationality and Society, , vol. 32(4), pages 461-484, November.
- Nicola Pavoni & Sarah Auster, 2016. "Optimal Delegation, Unawareness, and Financial Intermediation," 2016 Meeting Papers 1106, Society for Economic Dynamics.
- Paulo Fagandini, 2018. "Hunting with two bullets: moral hazard with a second chance," Nova SBE Working Paper Series wp629, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Sarah Auster & Nicola Pavoni, 2020.
"Limited Awareness and Financial Intermediation,"
ECONtribute Discussion Papers Series
043, University of Bonn and University of Cologne, Germany.
- Sarah Auster & Nicola Pavoni, 2022. "Limited Awareness and Financial Intermediation," CRC TR 224 Discussion Paper Series crctr224_2022_252, University of Bonn and University of Mannheim, Germany.
- Sarah Auster & Nicola Pavoni, 2020. "Limited Awareness and Financial Intermediation," CRC TR 224 Discussion Paper Series crctr224_2020_252, University of Bonn and University of Mannheim, Germany.
- Sarah Auster, 2012. "Asymmetric Awareness and Moral Hazard," Economics Working Papers ECO2012/23, European University Institute.
- Sarah Auster & Nicola Pavoni, 2018. "Optimal Delegation and Limited Awareness, with an Application to Financial Intermediation," BAFFI CAREFIN Working Papers 1869, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2018. "Tort Liability and Unawareness," Discussion Papers 1801, University of Exeter, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ying-Ju Chen & Xiaojian Zhao, 2013. "Solution Concepts of Principal-Agent Models with Unawareness of Actions," Games, MDPI, vol. 4(3), pages 1-24, August.
- Zhongwen Chen & Xiaojian Zhao, 2023. "Strategic Information Suppression in Borrowing and Pre-Lending Cognition: Theory and Evidence," Games, MDPI, vol. 14(3), pages 1-24, May.
- Dessi, Roberta, 2009.
"Contractual Execution, Strategic Incompleteness and Venture Capital,"
TSE Working Papers
09-075, Toulouse School of Economics (TSE).
- Dessi, Roberta, 2009. "Contractual Execution, Strategic Incompleteness and Venture Capital," IDEI Working Papers 465, Institut d'Économie Industrielle (IDEI), Toulouse.
- DessÃ, Roberta, 2009. "Contractual Execution, Strategic Incompleteness and Venture Capital," CEPR Discussion Papers 7413, C.E.P.R. Discussion Papers.
- Lewis A. Kornhauser & W. Bentley MacLeod, 2012.
"Contracts between Legal Persons [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Kornhauser, Lewis A. & MacLeod, W. Bentley, 2010. "Contracts between Legal Persons," IZA Discussion Papers 5352, Institute of Labor Economics (IZA).
- Lewis A. Kornhauser & W. Bentley MacLeod, 2010. "Contracts between Legal Persons," NBER Working Papers 16049, National Bureau of Economic Research, Inc.
- Hideshi Itoh, 2023. "What do contracts do to facilitate relationships?," The Japanese Economic Review, Springer, vol. 74(3), pages 333-354, July.
- Ola Kvaløy & Trond E. Olsen, 2009.
"Endogenous Verifiability and Relational Contracting,"
American Economic Review, American Economic Association, vol. 99(5), pages 2193-2208, December.
- Kvaløy, Ola & Olsen, Trond E., 2004. "Endogenous Verifiability in Relational Contracting," Discussion Papers 2004/20, Norwegian School of Economics, Department of Business and Management Science.
- Iossa, Elisabetta & Martimort, David, 2016.
"Corruption in PPPs, incentives and contract incompleteness,"
International Journal of Industrial Organization, Elsevier, vol. 44(C), pages 85-100.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," IEFE Working Papers 67, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
- Elisabetta Iossa & David Martimort, 2016. "Corruption in PPPs, incentives and contract incompleteness," PSE-Ecole d'économie de Paris (Postprint) halshs-01328626, HAL.
- Elisabetta Iossa & David Martimort, 2016. "Corruption in PPPs, incentives and contract incompleteness," Post-Print halshs-01328626, HAL.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," The Centre for Market and Public Organisation 14/325, The Centre for Market and Public Organisation, University of Bristol, UK.
- Martimort, David & Iossa, Elisabetta, 2015. "Corruption in PPPs, Incentives and Contract Incompleteness," CEPR Discussion Papers 10925, C.E.P.R. Discussion Papers.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," CEIS Research Paper 317, Tor Vergata University, CEIS, revised 18 Jul 2014.
- Ola Kvaløy & Trond E. Olsen, 2016.
"Incentive Provision when Contracting is Costly,"
Economica, London School of Economics and Political Science, vol. 83(332), pages 741-767, October.
- Kvaløy, Ola & Olsen, Trond E., 2010. "Incentive provision when contracting is costly," Discussion Papers 2010/10, Norwegian School of Economics, Department of Business and Management Science.
- Kvaløy, Ola & Olsen, Trond, 2012. "Incentive provision when contracting is costly," UiS Working Papers in Economics and Finance 2012/16, University of Stavanger.
- Toru Suzuki, 2020. "Efficiently Imprecise Contracts," Working Paper Series 2020/07, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
- Li, Sanxi & Peitz, Martin & Zhao, Xiaojian, 2016.
"Information disclosure and consumer awareness,"
Journal of Economic Behavior & Organization, Elsevier, vol. 128(C), pages 209-230.
- Li, Sanxi & Peitz, Martin & Zhao, Xiaojian, 2014. "Information Disclosure and Consumer Awareness," Working Papers 14-28, University of Mannheim, Department of Economics.
- Liang Guo, 2021. "Partial Unraveling and Strategic Contract Timing," Management Science, INFORMS, vol. 67(12), pages 7719-7736, December.
- Mathias Dewatripont & Patrick Legros, 2005.
"Public-private partnerships: contract design and risk transfer,"
ULB Institutional Repository
2013/175947, ULB -- Universite Libre de Bruxelles.
- Dewatripont, Mathias & Legros, Patrick, 2005. "Public-private partnerships: contract design and risk transfer," EIB Papers 5/2005, European Investment Bank, Economics Department.
- Mehrdad Vahabi, 1999.
"From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions,"
Post-Print
halshs-03704424, HAL.
- Vahabi, Mehrdad, 2008. "From Walrasian general equilibrium to incomplete contracts : making sense of institutions," MPRA Paper 37887, University Library of Munich, Germany, revised 2002.
- Mehrdad Vahabi, 1999. "From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions," Cahiers de la Maison des Sciences Economiques j99008, Université Panthéon-Sorbonne (Paris 1).
- Filiz-Ozbay, Emel, 2012. "Incorporating unawareness into contract theory," Games and Economic Behavior, Elsevier, vol. 76(1), pages 181-194.
- James M. Malcomson, 2012.
"Relational Incentive Contracts [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- James Malcomson, 2010. "Relational Incentive Contracts," Economics Series Working Papers 508, University of Oxford, Department of Economics.
- Canidio, Andrea & Karle, Heiko, 2022.
"The focusing effect in negotiations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 1-20.
- Andrea Canidio & Heiko Karle, 2021. "The Focusing Effect in Negotiations," CESifo Working Paper Series 9297, CESifo.
- Karle, Heiko & Canidio, Andrea, 2021. "The Focusing Effect in Negotiations," CEPR Discussion Papers 15698, C.E.P.R. Discussion Papers.
- Schmidt, Klaus, 2017. "The 2016 Nobel Memorial Prize in Contract Theory," Rationality and Competition Discussion Paper Series 19, CRC TRR 190 Rationality and Competition.
- Jean Beuve & Claudine Desrieux, 2016.
"Repeated interactions and endogenous contractual incompleteness,"
Theory and Decision,
Springer, vol. 80(1), pages 125-158, January.
- Jean Beuve & Claudine Desrieux, 2016. "Repeated interactions and endogenous contractual incompleteness," Theory and Decision, Springer, vol. 80(1), pages 125-158, January.
- Anne Amar-Sabbah & Pierre Batteau, 2018. "CEO Compensation: Agency Theory is Irrelevant but not the Neoclassical Game-Theoretic Framework," Working Papers halshs-01818600, HAL.
- Valeria Gattai, 2006.
"From the Theory of the Firm to FDI and Internalisation: A Survey,"
Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 65(2), pages 225-262, November.
- Valeria Gattai, 2005. "From the Theory of the Firm to FDI and Internalisation: A Survey," Working Papers 2005.51, Fondazione Eni Enrico Mattei.
More about this item
Keywords
Multi-task agency; Unawareness; Moral hazard; Screening; Incomplete contracts; D01; D86; D82; D83;All these keywords.
JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:theord:v:77:y:2014:i:2:p:197-222. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.