Group targeting under networked synergies
Abstract
A principal targets agents organized in a network of local complementarities, in order to increase the sum of agents' effort. We consider bilateral public contracts à la Segal (1999). The paper shows that the synergies between contracting and non-contracting agents deeply impact optimal contracts: they can lead the principal to contract with a subset of the agents, and to refrain from contracting with central agents.
Domains
Economics and Finance
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Belhaj Deroïan_Group targeting under networked synergies.pdf (827.37 Ko)
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