The role of the agent's outside options in principal-agent relationships

DOI10.1016/J.GEB.2009.10.006zbMATH Open1200.91168OpenAlexW2072727464MaRDI QIDQ2268129FDOQ2268129

Imran Rasul, Silvia Sonderegger

Publication date: 10 March 2010

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2009.10.006

Recommendations

• Investments as signals of outside options
• The Principal-Agent Relationship with an Informed Principal, II: Common Values
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• Outside opportunities and termination
• The Principal-Agent Relationship with an Informed Principal: The Case of Private Values

zbMATH Keywords

randomizationadverse selectiontype-dependent outside options

Mathematics Subject Classification ID

Cites Work

• Deterministic versus stochastic mechanisms in principal -- agent models
• Haggling over substitutes
• Participation constraints in adverse selection models
• Regulating a Monopolist with Unknown Costs
• Countervailing incentives in agency problems
• On countervailing incentives
• On the optimality of privacy in sequential contracting

Cited In (3)

• Managerial compensation and research and development investment in a two-period agency setting
• Investments as signals of outside options
• Why an Informed Principal May Leave Rents to an Agent

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