One Two
« September 2021 »
September
Mo Tu We Th Fr Sa Su
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30
 
You are here: Home Seminars BGSE Workshop: Gregorio Curello (University of Bonn)

BGSE Workshop: Gregorio Curello (University of Bonn)

"Screening for breakthroughs"

Event details
What
  • BGSE Workshop
When Apr 21, 2021
from 12:00 to 13:00
Contact Email
Add event to calendar vCal
iCal

We identify a new and pervasive dynamic agency problem: that of incentivising the prompt disclosure of productive information. To study it, we introduce a model in which a technological breakthrough occurs at an uncertain time and is privately observed by an agent, and a principal must incentivise disclosure via her control of the agent's utility. We uncover a striking deadline structure of optimal mechanisms: they have a simple deadline form in an important special case, and a graduated deadline structure in general. We apply our results to the design of unemployment insurance schemes.

filed under:
Document Actions