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Optimal contract for outsourcing information acquisition

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Publication:2208886
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DOI10.1016/j.econlet.2020.109443zbMath1451.91098OpenAlexW3045623423MaRDI QIDQ2208886

Jin Hyuk Choi, Kookyoung Han

Publication date: 4 November 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2020.109443


zbMATH Keywords

optimal stoppinginformation acquisitionoptimal contractprivate observation


Mathematics Subject Classification ID

Economics of information (91B44) Contract theory (moral hazard, adverse selection) (91B41) Principal-agent models (91B43)


Related Items

Delegation of information acquisition, information asymmetry, and outside option



Cites Work

  • Gittins indices in the dynamic allocation problem for diffusion processes
  • A mechanism for eliciting a probability distribution
  • Robust incentives for information acquisition
  • Active sequential hypothesis testing
  • Learning, Termination, and Payout Policy in Dynamic Incentive Contracts
  • A Mechanism for Eliciting Probabilities
  • Strategic Experimentation
  • The Binarized Scoring Rule
  • Optimal Contracts for Experimentation
  • Strictly Proper Scoring Rules, Prediction, and Estimation
  • Optimum Character of the Sequential Probability Ratio Test
  • Delegated information acquisition with moral hazard
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