The optimal structure of incentives in the principal–agent problem under the smooth ambiguity model
| buir.advisor | Dalkıran, Nuh Aygün | |
| dc.contributor.author | Öztürk, Fatih | |
| dc.date.accessioned | 2018-08-01T08:12:14Z | |
| dc.date.available | 2018-08-01T08:12:14Z | |
| dc.date.copyright | 2018-07 | |
| dc.date.issued | 2018-07 | |
| dc.date.submitted | 2018-07-31 | |
| dc.department | Department of Economics | en_US |
| dc.description | Cataloged from PDF version of article. | en_US |
| dc.description | Thesis (M.S.): Bilkent University, Department of Economics, İhsan Doğramacı Bilkent University, 2018. | en_US |
| dc.description | Includes bibliographical references (leave 43). | en_US |
| dc.description.abstract | We study a principal-agent problem where we model the uncertainty regarding the relationship between the level of effort and the monetary outcome using the smooth ambiguity model (Klibanoff et al., 2005). We provide comparative statics on the optimal wage scheme when the agent has constant absolute ambiguity aversion (CAAA) preferences. Our main result implies that whether the optimal wage scheme should be higher-powered or lower-powered depends on an intuitive measure of ambiguity. | en_US |
| dc.description.degree | M.A. | en_US |
| dc.description.statementofresponsibility | by Fatih Öztürk. | en_US |
| dc.embargo.release | 2021-07-31 | |
| dc.format.extent | viii, 46 leaves : graphics ; 30 cm. | en_US |
| dc.identifier.itemid | B158746 | |
| dc.identifier.uri | http://hdl.handle.net/11693/47703 | |
| dc.language.iso | English | en_US |
| dc.publisher | Bilkent University | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Ambiguity Aversion | en_US |
| dc.subject | Incentives | en_US |
| dc.subject | Moral Hazard | en_US |
| dc.subject | Optimal Contract | en_US |
| dc.title | The optimal structure of incentives in the principal–agent problem under the smooth ambiguity model | en_US |
| dc.title.alternative | Pürüzsüz muğlaklık modeli altında asıl-vekil problemindeki tesviklerin optimal yapısı | en_US |
| dc.type | Thesis | en_US |