Year: 2019
Type: preprint
Abstract: A principal can restrict an agent's information (the persuasion problem) or restrict an agent's discretion (the delegation problem). We show that these problems are generally equivalent - solving one solves the other. We use tools from the persuasion literature to generalize and extend many results in the delegation literature, as well as to address novel delegation problems, such as monopoly regulation with a participation constraint.
Source: arXiv (Cornell University)
Authors: Kolotilin, Anton, Zapechelnyuk, Andriy
Institution: UNSW Sydney
Language: English
Topic: Game Theory and Applications
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4288596392