This paper addresses the question of how to compensate people who provide relevant information to a decision maker who faces uncertainty. Several compensation rules for the decision maker are suggested and these are studied in a cooperative environment. Copyright 2006 Blackwell Publishing Inc..

The object of study is cooperation in joint projects where agents may have different desired sophistication levels for the project and where some of the agents may have low budgets. In this context, questions concerning the optimal realizable sophistication level and the distribution of the...