A Model of Delegated Project Choice With Application to Merger Policy.
We present a model in which a principal delegates the choice of project to an agent with different preferences. A project's characteristics are verifiable once presented to the principal, but the principal does not know how many projects are available to the agent. The principal chooses the set...
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| 格式: | Journal article |
| 语言: | English |
| 出版: |
Blackwell Publishing
2010
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