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|a (DE-627)JST02877437X
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|a (JST)2692255
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|a DE-627
|b ger
|c DE-627
|e rakwb
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|a eng
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|a Bester, Helmut
|e verfasserin
|4 aut
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|a Contracting with Imperfect Commitment and the Revelation Principle: The Single Agent Case
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|c 2001
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|a Text
|b txt
|2 rdacontent
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|a Computermedien
|b c
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|a Online-Ressource
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|a This paper extends the revelation principle to environments in which the mechanism designer cannot fully commit to the outcome induced by the mechanism. We show that he may optimally use a direct mechanism under which truthful revelation is an optimal strategy for the agent. In contrast with the conventional revelation principle, however, the agent may not use this strategy with probability one. Our results apply to contracting problems between a principal and a single agent. By reducing such problems to well-defined programming problems they provide a basic tool for studying imperfect commitment.
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|a Copyright 2001 Econometric Society
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|a Revelation Principle
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|a Mechanism Design
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|a Contract Theory
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|a Limited Commitment
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|a Asymmetric Information
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|a Mathematics
|x Applied mathematics
|x Game theory
|x Mechanism design
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|a Business
|x Business administration
|x Human resources
|x Employee motivation
|x Productivity incentives
|x Incentive pay
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|a Behavioral sciences
|x Behavioral economics
|x Behavioral finance
|x Financial incentives
|x Contract incentives
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|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial investments
|x Investment returns
|x Investment return rates
|x Return on investment
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|a Behavioral sciences
|x Behavioral economics
|x Behavioral finance
|x Financial incentives
|x Incentive principles
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|a Mathematics
|x Applied mathematics
|x Game theory
|x Incentive compatibility problem
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|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Descriptive statistics
|x Statistical distributions
|x Distribution functions
|x Probability distributions
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|a Behavioral sciences
|x Behavioral economics
|x Contract theory
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|a Law
|x Civil law
|x Contract law
|x Contracts
|x Financial contracts
|x Debt contracts
|x Incentive compatible contracts
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|a Applied sciences
|x Computer science
|x Computer programming
|x Mathematical programming
|x Dynamic programming
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|a research-article
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|a Strausz, Roland
|e verfasserin
|4 aut
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|i Enthalten in
|t Econometrica
|d Wiley
|g 69(2001), 4, Seite 1077-1098
|w (DE-627)270425721
|w (DE-600)1477253-X
|x 14680262
|7 nnns
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|g volume:69
|g year:2001
|g number:4
|g pages:1077-1098
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|u https://www.jstor.org/stable/2692255
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|d 69
|j 2001
|e 4
|h 1077-1098
|