Ranking of signals in multitask agency models
A lift zonoid criterion is proven to be necessary and sufficient for ranking signals in multi-task agency models, and can be applied to a broader set of signals than a multivariate MPS criterion. The two criteria coincide under certain conditions.
References listed on IDEAS
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- Dominique Demougin & Claude Fluet, 1998.
"Ranking of Information Systems in Agency Models: An Integral Condition,"
Cahiers de recherche CREFE / CREFE Working Papers
70, CREFE, Université du Québec à Montréal.
- Claude Fluet & Dominique Demougin, 2001. "Ranking of information systems in agency models: an integral condition," Economic Theory, Springer, vol. 17(2), pages 489-496.
- Rogerson, William P, 1985. "The First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 53(6), pages 1357-67, November.
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