Grouping agents with persistent types
Employees are divided into grades. Toyota places suppliers into only a small number of categories. This paper shows that grouping of privately informed and persistent agent types arises naturally in relational incentive contracts when agent type is continuous. Malcomson (2016) showed that full separ...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | Working paper |
| भाषा: | English |
| प्रकाशित: |
University of Oxford
2021
|