Asymptotic efficiency in principal-agent models with hidden information

Jonathan Thomas; Ben Lockwood

Asymptotic efficiency in principal-agent models with hidden information

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

In the hidden information model a simple but general argument is given to show that first-best utility levels can be approached for low enough discount rates.

Original language	English
Pages (from-to)	297-301
Number of pages	5
Journal	Economics Letters
Volume	30
Issue number	4
Publication status	Published - Oct 1989

Cite this

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title = "Asymptotic efficiency in principal-agent models with hidden information",

abstract = "In the hidden information model a simple but general argument is given to show that first-best utility levels can be approached for low enough discount rates.",

author = "Jonathan Thomas and Ben Lockwood",

year = "1989",

month = oct,

language = "English",

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pages = "297--301 ",

journal = "Economics Letters",

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AU - Lockwood, Ben

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AB - In the hidden information model a simple but general argument is given to show that first-best utility levels can be approached for low enough discount rates.

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VL - 30

SP - 297

EP - 301

JO - Economics Letters

JF - Economics Letters

IS - 4

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Asymptotic efficiency in principal-agent models with hidden information

Abstract

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