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Publication

Ignorance in a multi-agent setting

Title
Ignorance in a multi-agent setting
Type
Article in International Scientific Journal
Year
2009
Authors
Samuel Alves Pereira
(Author)
FEP
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Journal
Title: Economics LettersImported from Authenticus Search for Journal Publications
Vol. 105 No. 3
Pages: 264-266
ISSN: 0165-1765
Publisher: Elsevier
Indexing
Publicação em ISI Web of Science ISI Web of Science
Econlit
Scientific classification
FOS: Social sciences > Economics and Business
Other information
Authenticus ID: P-003-DVD
Abstract (EN): I extend the Demski and Sappington (1984) model to the case where the agents are with some exogenous probability ignorant. I show that an ignorant agent either is not exposed to risk or he receives a lower transfer when the other agent is the informed type the principal wants to discourage choosing the contract designed for an ignorant agent.
Language: English
Type (Professor's evaluation): Scientific
No. of pages: 3
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