对齐委托

Aligned Delegation

American Economic Review · 2013
被引 81
人大 A+FT50ABS 4*

中文导读

研究了委托人将多个决策委托给拥有私人信息的代理人时,如何设计最大化自身最坏情况收益的机制,发现最优机制具有“对齐委托”特征,即所有代理人类型行为一致,如同共享委托人偏好。

Abstract

A principal delegates multiple decisions to an agent, who has private information relevant to each decision. The principal is uncertain about the agent's preferences. I solve for max-min optimal mechanisms—those which maximize the principal's payoff against the worst case agent preference types. These mechanisms are characterized by a property I call “aligned delegation”: all agent types play identically, as if they shared the principal's preferences. Max-min optimal mechanisms may take the simple forms of ranking mechanisms, budgets, or sequential quotas.

委托代理最优机制对齐授权最坏情况偏好