讲座:Mediated Repeated Moral Hazard 发布时间:2025-05-07
嘉 宾: Allen Vong 助理教授 新加坡国立大学
主持人: 闵炜程 助理教授 世俱杯买球网站
时 间: 2025年5月14日(周三)14:00-15:30
地 点: 世俱杯买球网站徐汇校区世俱杯买球网站A511
内容简介:
A worker interacts with a sequence of clients under a manager’s supervision. I highlight a novel role of this manager’s mediation in addressing the worker’s moral hazard, namely to intertemporally reduce suspensions of the worker’s service that are surplus-depleting but crucially serve as punishments to motivate her costly effort. I show that, to best address moral hazard, the manager at times secretly asks a high-performing worker to scale down her effort against a current client and implements dynamic correlation by telling the worker that current underperformance will not be punished. These occasions are frequent in the short run and eventually disappear.
演讲人简介:
Allen Vong is Assistant Professor of Economics, National University of Singapore. He received his Ph.D. in Economics from Yale University in 2021. His academic interests range from game theory to the theory of industrial organization.