EconPapers    
Economics at your fingertips  
 

A note on interval delegation

Manuel Amador, Kyle Bagwell and Alex Frankel ()
Additional contact information
Manuel Amador: University of Minnesota
Alex Frankel: University of Chicago

Economic Theory Bulletin, 2018, vol. 6, issue 2, 239-249

Abstract: Abstract In this note we extend the Amador and Bagwell (Econometrica 81:1541–1599, 2013) conditions for confirming the optimality of a proposed interval delegation set to the possibility of degenerate intervals, in which the agent takes the same action at every state. We consider the cases of money burning as well as no money burning. These results allow us to provide new sufficient conditions on utility functions and state distributions to guarantee that some interval—degenerate or non-degenerate—will be optimal.

Keywords: Delegation; Optimal contracting; Tariff caps (search for similar items in EconPapers)
JEL-codes: D82 F10 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40505-017-0133-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:etbull:v:6:y:2018:i:2:d:10.1007_s40505-017-0133-4

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40505

Access Statistics for this article

Economic Theory Bulletin is currently edited by Nicholas C. Yannelis

More articles in Economic Theory Bulletin from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:spr:etbull:v:6:y:2018:i:2:d:10.1007_s40505-017-0133-4