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Webinaire : Signaling Effort: Information Structures in a Principal-Agent Model

 Webinaire : Signaling Effort: Information Structures in a Principal-Agent Model
Séminaire sur les jeux dynamiques et les applications

Webinaire : Signaling Effort: Information Structures in a Principal-Agent Model

10 oct. 2024   11h00 — 12h00

Noémie Cabau Corvinus University, Hongrie

Lien pour le webinaire sur Zoom.

We consider a principal-agent relationship where only information messages are contractible, and the agent can design a signal about his effort. The principal may have access to an outside signal that escapes the agent's control and offers a contract based on the joint signal. In equilibrium, the agent's signal is informative only if the default contract based on the outside signal only exposes him to a severe and likely punishment. We show that an optimal and informative signal provides weak (strong) evidence of high (low) effort. Surprisingly, the principal does not always benefit from more precise outside signals. (With Arseniy Samsonov.)

Date

Jeudi 10 octobre 2024
Débute à 11h00

Prix

gratuit

Contact

Lieu

Zoom

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