Contracts and Productive Information Gathering

Fahad Khalil and Jean Rochet

Discussion Papers in Economics at the University of Washington from Department of Economics at the University of Washington

Abstract: We modify a standard Baron-Myerson model by assuming that, instead of knowing the cost of nature, the agent has to incur a cost "c" to learn it. Under these conditions, the principal will offer contracts that, dependind on the value of "c", try to induce the agent to gather or not information. We study the tradeoffs that are involved.

Keywords: ECONOMETRICS; INFORMATION; CONTRACTS; DECISION MAKING (search for similar items in EconPapers)
JEL-codes: C7 D82 J41 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1997
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Citations: View citations in EconPapers (10)

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Related works:
Journal Article: Contracts and Productive Information Gathering (1998)
Working Paper: Contracts and Productive Information Gathering (1997)
Working Paper: Contracts and Productive Information Gathering (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:washer:97-16

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