All-or-nothing information control
暂无分享,去创建一个
Abstract We examine an extension of the standard agency model in which the principal can choose the probability ( p ) with which the agent receives perfect private state information. A simple argument reveals that the principal will always set p at zero or at unity.
[1] R. Myerson. Incentive Compatibility and the Bargaining Problem , 1979 .
[2] R. Myerson,et al. Regulating a Monopolist with Unknown Costs , 1982 .