Discussion paper

DP7976 Should a principal hire one agent or two agents to perform two sequential tasks?

A principal should hire one agent to perform two sequential tasks when the tasks are conflicting (i.e., a first-stage success makes second-stage effort less effective), while she should hire two different agents when the tasks are synergistic.

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Citation

Schmitz, P (2010), ‘DP7976 Should a principal hire one agent or two agents to perform two sequential tasks?‘, CEPR Discussion Paper No. 7976. CEPR Press, Paris & London. https://cepr.org/publications/dp7976