Job Design and Randomization in Principal Agent Models

Author:

Koehler Wolfgang R.

Publisher

Elsevier BV

Reference7 articles.

1. Assigning two tasks to one agent can be optimal if it mitigates the e�ect of the outside option. Similar, the e�ect of the outside option is the reason why ex-ante randomization can be pro?table. While we rarely observe contracts that include randomization, there exist many contracts which specify the allocation of tasks;of tasks and show that it can be optimal that the agent works on two tasks -even if they are very di�erent

2. Randomization with Asymmetric Information;R Arnott;RAND Journal of Economics,1988

3. Preference Representation and Randomization in PrincipalAgent Contracts;A Arya;Economics Letters,1993

4. Ex-ante Randomization in Agency Model;J C Fellingham;RAND Journal of Economics,1984

5. Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership and Job Design;B Holmstrom;Journal of Law, Economics&Organization,1991

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