On the value of randomization

DOI10.1016/J.JET.2014.02.006zbMATH Open1296.90091OpenAlexW3053357524MaRDI QIDQ402095FDOQ402095

Authors: Stéphane Gauthier, Guy Laroque 

Publication date: 27 August 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.02.006

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zbMATH Keywords

constrained optimizationincentive constraintsrandom contractssecond-order conditions

Mathematics Subject Classification ID

Nonconvex programming, global optimization (90C26) Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02)

Cites Work

• Title not available (Why is that?)
• Deterministic versus stochastic mechanisms in principal -- agent models
• Monopoly and product quality
• An Analysis of the Principal-Agent Problem

Cited In (7)

• Sex: the power of randomization
• Randomization in robustness, estimation, and optimization
• Random authority
• Redistribution by means of lotteries
• Randomization is optimal in the robust principal-agent problem
• Is there a social cost of randomization?
• Randomization and simplification in dynamic decision-making.

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