Autori: Banerjee, Anindya , Beggs, Alan
Titolo: Simultaneous versus sequential move structures in principal-agent models
Periodico: European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1998 - Fascicolo: 27 - Pagina iniziale: 1 - Pagina finale: 27

We consider a model with a single principal and two agents and compare the payoff to the principal when agents choose their actions simultaneously and when they choose them sequentially. We show that when the actions are strategic complements, the principal is typically better off when moves are sequential. In particular examples, however, the principal may be worse off.


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