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Persuasion meets delegation

Research output: Working paperDiscussion paper

Author(s)

Anton Kolotilin, Andriy Zapechelnyuk

School/Research organisations

Abstract

There are two common ways for a principal to influence the decision making of an agent. One is to manipulate the agent's information (persuasion problem). Another is to limit the agent's decisions (delegation problem). We show that, under general assumptions, these two problems are equivalent; so solving one problem solves the other. We illustrate how the methods developed in the persuasion literature can be applied to address unsolved delegation problems by considering monopoly regulation with a participation constraint.
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Details

Original languageEnglish
Place of PublicationSt Andrews
PublisherUniversity of St Andrews
Number of pages19
StatePublished - 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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