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On The Theory of Delegation

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  • Bengt Holmstrom

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  • Bengt Holmstrom, 1980. "On The Theory of Delegation," Discussion Papers 438, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:438
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    References listed on IDEAS

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    1. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
    2. Bengt Holmstrom, 1979. "Moral Hazard and Observability," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
    3. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    4. J. A. Mirrlees, 1971. "An Exploration in the Theory of Optimum Income Taxation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(2), pages 175-208.
    5. Riley, John G, 1979. "Informational Equilibrium," Econometrica, Econometric Society, vol. 47(2), pages 331-359, March.
    6. Harris, Milton & Raviv, Artur, 1981. "Allocation Mechanisms and the Design of Auctions," Econometrica, Econometric Society, vol. 49(6), pages 1477-1499, November.
    7. Holmstrom, Bengt, 1982. "Design of incentive schemes and the new Soviet Incentive model," European Economic Review, Elsevier, vol. 17(2), pages 127-148.
    8. Roger B. Myerson, 1980. "Optimal Coordination Mechanisms in Principal-Agent Problems," Discussion Papers 429, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    9. Partha Dasgupta & Peter Hammond & Eric Maskin, 1979. "The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 185-216.
    10. Baron, David P & Holmstrom, Bengt, 1980. "The Investment Banking Contract for New Issues under Asymmetric Information: Delegation and the Incentive Problem," Journal of Finance, American Finance Association, vol. 35(5), pages 1115-1138, December.
    11. Baron, D. P. & Holmström, B. R., 1980. "Abstract: The Investment Banking Contract for New Issues Under Asymmetric Information: Delegation and the Incentive Problem," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(4), pages 851-851, November.
    12. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
    13. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-1451, November.
    14. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
    15. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-631, July.
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    Cited by:

    1. Palumbo, Giuliana & Iossa, Elisabetta, 2002. "Decision rules and information provision: monitoring versus manipulation," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 452, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    2. Pavel Ilinov & Andrei Matveenko & Maxim Senkov & Egor Starkov, 2022. "Optimally Biased Expertise," CERGE-EI Working Papers wp736, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Holmstrom, Bengt, 1982. "Design of incentive schemes and the new Soviet Incentive model," European Economic Review, Elsevier, vol. 17(2), pages 127-148.
    4. Manuel Amador & Iván Werning & George-Marios Angeletos, 2006. "Commitment vs. Flexibility," Econometrica, Econometric Society, vol. 74(2), pages 365-396, March.
    5. MohammadTaghi Hajiaghayi & Keivan Rezaei & Suho Shin, 2023. "Delegating to Multiple Agents," Papers 2305.03203, arXiv.org, revised May 2023.
    6. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-1451, November.
    7. Nicole Immorlica & Nicholas Wu & Brendan Lucier, 2024. "Maximal Procurement under a Budget," Papers 2404.15531, arXiv.org.
    8. Xiaoxiao Hu & Haoran Lei, 2022. "The optimality of (stochastic) veto delegation," Papers 2208.14829, arXiv.org, revised Sep 2024.

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