Ding, Chuan; Hong, Yilin; Li, Yang; Liu, Peng - In: Journal of management science and engineering 9 (2024) 2, pp. 193-219
Under the bounded rationality assumption, a principal rarely provides an optimal contract to an agent. Learning from others is one way to improve such a contract. This paper studies the efficiency of social network learning (SNL) in the principal-agent framework. We first introduce the...