Instrument-Based vs. Target-Based Rules
收藏NBER2018-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24496
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资源简介：
We develop a simple model to study rules based on instruments vs. targets. A principal faces a better informed but biased agent and relies on joint punishments as incentives. Instrument-based rules condition incentives on the agent's observable action; target-based rules condition incentives on
提供机构：
美国国家经济研究局
创建时间：
2018-04-01
