Auster, Sarah; Pavoni, Nicola - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 1, pp. 245-284
We study the delegation problem between a principal and an agent, who not only has better information about the performance of the available actions but also superior awareness of the set of actions that are actually feasible. We provide conditions under which the agent finds it optimal to leave...
