Assignment under task dependent private information

• Main Author: Tan, Teck Yong
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2022
• Subjects: Social sciences::Economic theory; Adverse Selection; Moral Hazard
• Online Access: https://hdl.handle.net/10356/159918
• Institution: Nanyang Technological University

An agent's private information on his investment return is payoff-relevant only upon investment. This paper studies the contracting and assignment problem of a principal who can assign her agent to invest, which improves the agent's future productivity but allows the agent to exploit his p...