Zero Sum Games
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Sorry, this is a repost as I posted it wrongly the 1st time
|01/24/2001 11:39 PM by Brandon; Principal-agent model with constraint|
Hi! I don't know if this is what you're looking for but I happen to read these pages in a book Rodrigo recommended recently. Thought it might be useful to you. Take a look at page 388 of Walter Nicholson's Microeconomic Theory (7th edition) Figure 13.6
ISBN:0030244749, Dryden Press
Cheers! [Manage messages]
Could you be more specific?
What I understand from your question, an agent takes decisions subject to a particular contract: "budget" contract.
In this case I know that Eric Chow is studing capital misallocation when the CEO is [View full text and thread]
|09/13/2000 08:53 AM by Walter;|
Is anybody aware of existing principal-agent models where the agent exercices effort subject to constraints (for instance, a fixed budget allocated by the principal)
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