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Job design and randomization in principal agent models

Author

Listed:
  • Wolfgang R. K�hler

Abstract

We analyze task allocation and randomization in Principal Agent models. We identify a new rationale that determines the allocation of tasks and show that it can be optimal to assign tasks that are very different to one agent. Similar to randomization, the reason to assign several tasks to one agent is to mitigate the effect of the participation constraint. We show that the allocation of tasks can be used as a substitute if randomization is not feasible.

Suggested Citation

  • Wolfgang R. K�hler, 2008. "Job design and randomization in principal agent models," IEW - Working Papers 381, Institute for Empirical Research in Economics - University of Zurich.
    • Handle: RePEc:zur:iewwpx:381
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    File URL: https://www.econ.uzh.ch/apps/workingpapers/wp/iewwp381.pdf
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    More about this item

    Keywords

    Job design; multi-task agency; ex-ante randomization; moral hazard;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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