A previous version of this paper was circulated under the title “On the Optimality of Tariff Caps.” We would like to thank Jonathan Eaton, Alex Frankel, Bengt Holmstrom, Petros Mavroidis, John McLaren, John Morrow, Ilya Segal, Robert Staiger, Bruno Strulovici, Alan Sykes, Juuso Toikka, Ivan Werning, and Robert Wilson for fruitful comments and suggestions. We also would like to thank participants at several seminars and conferences. Peter Troyan provided excellent research assistance. We also thank the editor and three anonymous referees. Manuel Amador acknowledges NSF support.
The Theory of Optimal Delegation With an Application to Tariff Caps
Article first published online: 26 JUL 2013
© 2013 The Econometric Society
Volume 81, Issue 4, pages 1541–1599, July 2013
How to Cite
Amador, M. and Bagwell, K. (2013), The Theory of Optimal Delegation With an Application to Tariff Caps. Econometrica, 81: 1541–1599. doi: 10.3982/ECTA9288
- Issue published online: 26 JUL 2013
- Article first published online: 26 JUL 2013
- Manuscript received May, 2010; final revision received July, 2012.