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BEGIN:VEVENT
DTSTAMP:20260505T070318Z
DTSTART;VALUE=DATE-TIME:20221012T160000
DTEND;VALUE=DATE-TIME:20221012T173000
SUMMARY:CRETA Theory Seminar - Lucas Maestri (FGV)
TZID:Europe/London
UID:20221012-8a1785d8827d0e0601830e24aa62763a@warwick.ac.uk
CREATED:20221010T081826Z
DESCRIPTION:Title: Dynamic Contracting with Multiple Agents under Limited
  Commitment We consider an environment of dynamic contracting with multi
 ple agents and lack of commitment. A principal with no commitment power 
 would like to screen efficient workers over time and assign harder tasks
  to them. After efficiency is revealed\, the principal becomes tempted t
 o change the terms of trade. . Breaches of contracts are observable and\
 , hence\, whenever past promises are not honored future information reve
 lation stops. We provide necessary and sufficient conditions under which
  the principal is able to foster information revelation. Optimal contrac
 ts that lead to information revelation entail extreme high-powered incen
 tives after information is revealed\, and rewards for information revela
 tion disappear in the long run. Information revelation becomes easier wh
 en workers are stochastically replaced by new ones.
LOCATION:S2.79
CATEGORIES:CRETA Seminar
LAST-MODIFIED:20221010T081826Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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