Abstract:This issue of Journal of Theoretical Politics contains five original articles focused on the design of political and economic institutions. In ''Rivalry among agents seeking large budgets,'' Kimiko Terai and Amihai Glazer consider delegation and resource provision in dynamic principal agent situations where a single principal has two agents about whose preferences the principal has incomplete information. Terai and Glazer's model illustrates a classic and important trade-off: the principal can sometimes achiev… Show more
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