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• W1976617882 abstract "The paper studies the role of delegation and authority in a principal-agent relation in which a non-contractible action has to be taken. The agent has private information relevant for the principal, but has policy preferences different from the principal. Consequently, an information revelation problem arises. I consider a partially incomplete contracting environment with contractibility of messages and decision rights and with transferable utility. I contribute to the literature by allowing for message-contingent delegation and by deriving the optimal partially incomplete contract. It is shown that message-contingent delegation creates incentives for information revelation and may outperform unconditional authority and unconditional delegation." @default.
• W1976617882 created "2016-06-24" @default.
• W1976617882 creator A5068852031 @default.
• W1976617882 date "2006-08-01" @default.
• W1976617882 modified "2023-10-16" @default.
• W1976617882 title "Message-contingent delegation" @default.
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• W1976617882 doi "https://doi.org/10.1016/j.jebo.2004.01.005" @default.
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