Goal-oriented agents in a market
Ines Macho-Stadler,
David Perez-Castrillo and
Nicolas Querou
Working Papers from HAL
Abstract:
We consider a market where \standard" risk-neutral agents coexist with "goalorented" agents who, in addition to the expected income, seek a high-enough monetary payo (the \trigger") to ful ll a goal. We analyze a two-sided one-to-one matching model where the matching between principals and agents and incentive contracts are endogenous. In any equilibrium contract, goal-oriented agents are matched with the principals with best projects and receive the trigger with positive probability. Moreover, goal and monetary incentives are complementary: goaloriented agents receive stronger monetary incentives. Finally, we discuss policy interventions in relevant environments..
Keywords: Goal-oriented agents; incentives; matching market (search for similar items in EconPapers)
Date: 2020-07-17
New Economics Papers: this item is included in nep-mic
Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-02901398
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://hal.inrae.fr/hal-02901398/document (application/pdf)
Related works:
Journal Article: Goal-oriented agents in a market (2021) 
Working Paper: Goal-oriented agents in a market (2021) 
Working Paper: Goal-Oriented Agents in a Market (2020) 
Working Paper: Goal-oriented agents in a market (2020) 
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:hal:wpaper:hal-02901398
Access Statistics for this paper
More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().