Role of linking mechanisms in multitask agency with hidden information

A-Tier
Journal: Journal of Economic Theory
Year: 2010
Volume: 145
Issue: 6
Pages: 2241-2259

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We investigate the adverse selection problem where a principal delegates multiple tasks to an agent. We characterize the virtually implementable social choice functions by using the linking mechanism proposed by Jackson and Sonnenschein (2007) [20] that restricts the message spaces. The principal does not require any incentive wage schemes and can therefore avoid any information rent and welfare loss. We show the resemblance between the functioning of this message space restriction and that of incentive wage schemes. We also extend the results of the single-agent model to the multi-agent model.

Technical Details

RePEc Handle
repec:eee:jetheo:v:145:y:2010:i:6:p:2241-2259
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25