Contracts and productive information gathering
Cremer, J., Khalil, F. and Rochet, J-C. (1997) Contracts and productive information gathering. Southampton, UK, University of Southampton (Discussion Papers in Economics and Econometrics 9707).
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We modify a standard Baron-Myerson model by assuming that, instead of knowing the state of nature, the agent has to incur a cost, (g) , to learn it. Under these conditions, the principal will offer contracts that, depending on the value of (g), incite the agent to gather or not to gather information. We study tradeoffs that are involved
|Item Type:||Monograph (Discussion Paper)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||25 Jan 2008|
|Last Modified:||02 Mar 2012 13:06|
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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