Learning in Bayesian regulation: desirable or undesirable?

Date

2007

Authors

Koray, S.
Saglam, I.

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Abstract

We examine the social desirability of learning about the regulated agent in a generalized principal-agent model with incomplete information. An interesting result we obtain is that there are situations in which the agent prefers a Bayesian regulator to have more, yet incomplete, information about his private type.

Source Title

Economics Bulletin

Publisher

Economics Bulletin

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Citation

Published Version (Please cite this version)

Language

English

Type

Article