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Persuasion meets delegation

Research output: Working paperDiscussion paper

Author(s)

Anton Kolotilin, Andriy Zapechelnyuk

School/Research organisations

Abstract

A principal can restrict an agent’s information (the persuasion problem) or restrict an agent’s discretion (the delegation problem). We show that these problems are generally equivalent — solving one solves the other. We use tools from the persuasion literature to generalize and extend many results in the delegation literature, as well as to address novel delegation problems, such as monopoly regulation with a participation constraint.
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Details

Original languageEnglish
Place of PublicationSt Andrews
PublisherUniversity of St Andrews
Number of pages19
Publication statusPublished - 7 Apr 2018

Publication series

NameSchool of Economics and Finance Discussion Paper
PublisherUniversity of St Andrews
No.1802
ISSN (Print)0962-4031
ISSN (Electronic)2055-303X

    Research areas

  • Persuasion, Delegation, Regulation

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