We consider a general representation of the delegation problem, with and without money burning, and provide sufficient and necessary conditions under which an interval allocation is optimal. We also apply our results to the theory of trade agreements among privately informed governments. For both perfect and monopolistic competition settings, we provide conditions under which tariff caps are optimal.
MLA
Amador, Manuel, and Kyle Bagwell. “The Theory of Optimal Delegation With an Application to Tariff Caps.” Econometrica, vol. 81, .no 4, Econometric Society, 2013, pp. 1541-1599, https://doi.org/10.3982/ECTA9288
Chicago
Amador, Manuel, and Kyle Bagwell. “The Theory of Optimal Delegation With an Application to Tariff Caps.” Econometrica, 81, .no 4, (Econometric Society: 2013), 1541-1599. https://doi.org/10.3982/ECTA9288
APA
Amador, M., & Bagwell, K. (2013). The Theory of Optimal Delegation With an Application to Tariff Caps. Econometrica, 81(4), 1541-1599. https://doi.org/10.3982/ECTA9288
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.