Maier Norbert
Common agency with moral hazard and asymmetrically informed principals
"We analyze a common agency game in which a risk-averse agent with constant absolute risk-aversion takes a one-dimensional action (chooses an effort level) that benefits two principals. Each principal only observes a noisy signal of the effort level chosen by the agent... Many real-life examples fit this framework."
2007-10-17
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PDF URL: https://mek.oszk.hu/05300/05311 URN: http://nbn.urn.hu/N2L?urn:nbn:hu-7851Látogatások: 5 877