publication . Doctoral thesis . 2009

Three Essays on Economic Agents' Incentives and Decision Making

Lee, Dongryul;
Open Access
  • Published: 29 Apr 2009
  • Publisher: Virginia Tech
  • Country: United States
This dissertation consists of three essays on theoretical analysis of economic agents' decision making and incentives. Chapter 1 gives an outline of the subjects to be examined in the subsequent chapters and shows their conclusions in brief. Chapter 2 explores the decision problem of a superordinate (a principal) regarding whether to delegate its authority or right to make a decision to a subordinate (an agent) in an organization. We first study the optimal contracting problem of the superordinate that specifies the allocation of the authority and wage in a principal-agent setting with asymmetric information, focusing on two motives for delegation, "informative"...
free text keywords: Open-source Projects, Intrinsic and Extrinsic Motivations, Public Goods, Delegation, Weakest-link Contests, Incentives, Information
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Doctoral thesis . 2009
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