Task assignment under agent loss aversion

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 121
Issue: 1
Pages: 35-38

Authors (4)

Daido, Kohei (Kwansei Gakuin University) Morita, Kimiyuki (not in RePEc) Murooka, Takeshi (Osaka University) Ogawa, Hiromasa (not in RePEc)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

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

Abstract

We analyze a task-assignment model in which a principal assigns a task to one of two agents depending on future states. If the agents have concave utility, the principal assigns the task to them contingent on the state. We show that if the agents are loss averse, a state-independent assignment–assigning the task to a single agent in all states–can be optimal even when the principal can write a contingent contract at no cost.

Technical Details

RePEc Handle
repec:eee:ecolet:v:121:y:2013:i:1:p:35-38
Journal Field
General
Author Count
4
Added to Database
2026-01-25