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Consider a game of delegation. An uninformed principal must delegate some task to an informed agent with preferences imperfectly aligned.
I'm aware of plenty of literature that studies these kinds of problems when there is a continuous action space, Alonso and Matouschek (2008) for example. Their lit review also seems to feature papers with continuous spaces. Quadratic loss utilities are very popular.
Are there any papers featuring delegation of a decision which is constrained to some discrete space? Do qualitative results change?
Within two weeks sales had fallen. Utilizing your knowledge of game theory, Illustrate what do you think disrupted McDonald's plans.
q1. the average 15- year- old purchases 12 cds and 15 cheese pizzas in a typical year. if cheese pizzas are poorer
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
Illustrate what are influence of following changes in policies on private saving and national saving. New policy: Increase in government purchases by $100 and taxes by $80. (MPC=0.7) Estimate amount of changes.
how does each shrimp producer react to the increase in price? A. Each producer decreases its production of shrimp. B. Each producer increases its production of shrimp.
bill operates a boat rental business in a competitive industry. he owns 10 boats and pays 1000 per month on the loan
Should United States government approach favors certain kinds of immigrants. Should citizenship preference be given to the neediest applicants.
Illustrate what is the most effective process of decreasing the quantity of drugs consumed and decreasing the amount of drug-related crime.
Illustrate what role do fiscal and monetary policies have to lead to higher or lower budget deficits.
Loadstar Sensors is a company that makes load force sensors based on capacitive sensing technology. The company wants to have $47 million for a plant expansion 6 years from now.
Historical data suggests that in the athletic shoe industry, the price elasticity for shoes is approximately -0.67. Explain what price elasticity is, and how to interpret the stated elasticity for athletic shoes of -0.67. What effect would you expect..
Histories of the following MNEs/industries, from their beginings to the present day, such Fedex, Amazon, NYSE (New York Stock Exchange), Pharamaceutical Industry, General Electiric, Lenovo. Compare and contrast the history of at least two of these..
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