Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125087705> ?p ?o ?g. }
Showing items 1 to 59 of
59
with 100 items per page.
- W3125087705 abstract "A principal needs to make a decision. An expert is able to supply information that is helpful to the principal, but only by exerting effort, which is costly. The principal can incentivize the expert to put in effort by paying him a reward based on his reported information and on the true state of nature, which is revealed ex post. There is limited liability - payments can never be negative. The principal is uncertain about the expert's information acquisition technology: she knows some actions (experiments) that he can take to obtain information, but there may also be other experiments available. In the face of this uncertainty, the principal evaluates any incentive contract she may offer using a maxmin expected utility criterion. Under quite general conditions, we show that the optimal contract is a restricted investment contract, in which the expert chooses from a subset of the decisions available to the principal, and is then rewarded proportionally to the value of his designated decision in the realized state (although the decision that the principal actually makes need not be the same as the one designated by the expert)." @default.
- W3125087705 created "2021-02-01" @default.
- W3125087705 creator A5067988932 @default.
- W3125087705 date "2012-01-01" @default.
- W3125087705 modified "2023-09-24" @default.
- W3125087705 title "Robust Incentives for Information Acquisition" @default.
- W3125087705 cites W1556993476 @default.
- W3125087705 cites W2017310792 @default.
- W3125087705 cites W2024578467 @default.
- W3125087705 cites W2025720061 @default.
- W3125087705 cites W2037006877 @default.
- W3125087705 cites W2120383820 @default.
- W3125087705 cites W2133405904 @default.
- W3125087705 cites W2142660849 @default.
- W3125087705 cites W3125985736 @default.
- W3125087705 cites W3126135107 @default.
- W3125087705 cites W4230004673 @default.
- W3125087705 cites W4232721040 @default.
- W3125087705 cites W4249667877 @default.
- W3125087705 doi "https://doi.org/10.2139/ssrn.2214984" @default.
- W3125087705 hasPublicationYear "2012" @default.
- W3125087705 type Work @default.
- W3125087705 sameAs 3125087705 @default.
- W3125087705 citedByCount "2" @default.
- W3125087705 countsByYear W31250877052015 @default.
- W3125087705 countsByYear W31250877052017 @default.
- W3125087705 crossrefType "journal-article" @default.
- W3125087705 hasAuthorship W3125087705A5067988932 @default.
- W3125087705 hasConcept C144133560 @default.
- W3125087705 hasConcept C162324750 @default.
- W3125087705 hasConcept C175444787 @default.
- W3125087705 hasConcept C2522767166 @default.
- W3125087705 hasConcept C29122968 @default.
- W3125087705 hasConcept C38652104 @default.
- W3125087705 hasConcept C41008148 @default.
- W3125087705 hasConceptScore W3125087705C144133560 @default.
- W3125087705 hasConceptScore W3125087705C162324750 @default.
- W3125087705 hasConceptScore W3125087705C175444787 @default.
- W3125087705 hasConceptScore W3125087705C2522767166 @default.
- W3125087705 hasConceptScore W3125087705C29122968 @default.
- W3125087705 hasConceptScore W3125087705C38652104 @default.
- W3125087705 hasConceptScore W3125087705C41008148 @default.
- W3125087705 hasLocation W31250877051 @default.
- W3125087705 hasOpenAccess W3125087705 @default.
- W3125087705 hasPrimaryLocation W31250877051 @default.
- W3125087705 hasRelatedWork W2030496847 @default.
- W3125087705 hasRelatedWork W2099389399 @default.
- W3125087705 hasRelatedWork W2117912286 @default.
- W3125087705 hasRelatedWork W2358389650 @default.
- W3125087705 hasRelatedWork W2367845749 @default.
- W3125087705 hasRelatedWork W2389739755 @default.
- W3125087705 hasRelatedWork W2797390743 @default.
- W3125087705 hasRelatedWork W3007967230 @default.
- W3125087705 hasRelatedWork W3037100507 @default.
- W3125087705 hasRelatedWork W4313313264 @default.
- W3125087705 isParatext "false" @default.
- W3125087705 isRetracted "false" @default.
- W3125087705 magId "3125087705" @default.
- W3125087705 workType "article" @default.