Gathering Information By A Partially Informed Agent
This paper considers an agency contracting with multiple tasks. The agent is privately informed on some tasks, but he must gather information on the other. We show that depending on the cost to gather information, task assignment is employed as an instrument to induce information gathering, or as an instrument to induce a truthful report.
Volume (Year): 08 (2006)
Issue (Month): 04 ()
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