Optimal delegation

R Alonso, N Matouschek - The Review of Economic Studies, 2008 - academic.oup.com
We analyse the design of decision rules by a principal who faces an informed but biased
agent and who is unable to commit to contingent transfers. The contracting problem reduces …

Screening and adverse selection in frictional markets

B Lester, A Shourideh… - Journal of Political …, 2019 - journals.uchicago.edu
We incorporate a search-theoretic model of imperfect competition into a standard model of
asymmetric information with unrestricted contracts. We characterize the unique equilibrium …

Mechanism design with limited commitment

L Doval, V Skreta - Econometrica, 2022 - Wiley Online Library
We develop a tool akin to the revelation principle for dynamic mechanism‐selection games
in which the designer can only commit to short‐term mechanisms. We identify a canonical …

Commitment versus flexibility with costly verification

M Halac, P Yared - Journal of Political Economy, 2020 - journals.uchicago.edu
A principal faces an agent who is better informed but biased toward higher actions. She can
verify the agent's information and specify his permissible actions. We show that if the …

Evaluating strategic forecasters

R Deb, MM Pai, M Said - American Economic Review, 2018 - aeaweb.org
Motivated by the question of how one should evaluate professional election forecasters, we
study a novel dynamic mechanism design problem without transfers. A principal who wishes …

Constrained information design

L Doval, V Skreta - Mathematics of Operations Research, 2024 - pubsonline.informs.org
We provide tools to analyze information design problems subject to constraints. We do so by
extending an insight by Le Treust and Tomala to the case of multiple inequality and equality …

Equivalence of stochastic and deterministic mechanisms

YC Chen, W He, J Li, Y Sun - Econometrica, 2019 - Wiley Online Library
We consider a general social choice environment that has multiple agents, a finite set of
alternatives, independent types, and atomless type distribution. We show that for any …

On multiple-principal multiple-agent models of moral hazard

A Attar, E Campioni, G Piaser, U Rajan - Games and Economic Behavior, 2010 - Elsevier
We provide two examples in a pure moral hazard setting with two principals and two agents.
Example 1 shows that a strongly robust equilibrium in simple (direct) mechanisms can no …

[PDF][PDF] Simple allocation with correlated types

A Niemeyer, J Preusser - 2022 - wiwi.uni-bonn.de
An object is allocated among a number of agents. The optimal allocation depends on the
agents' information about their peers, but each agent wants the object for themself. Monetary …

[PDF][PDF] Principled mechanism design with evidence

S Schweighofer-Kodritsch, R Strausz - 2023 - opus4.kobv.de
We cast mechanism design with evidence in the framework of Myerson (1982), whereby his
generalized revelation principle directly applies and yields standard notions of incentive …