Guertler, Oliver (2014). MORAL HAZARD, RISK AVERSION AND EFFICIENCY. Bull Econ. Res., 66. S. S104 - 6. HOBOKEN: WILEY. ISSN 1467-8586
Full text not available from this repository.Abstract
This note revisits the classic moral-hazard model, but assumes that the output distribution has moving support and punishments are limited. The results show that the principal can implement an efficient solution if the agent is sufficiently risk averse.
| Item Type: | Journal Article | ||||||||
| Creators: |
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| URN: | urn:nbn:de:hbz:38-421101 | ||||||||
| DOI: | 10.1111/boer.12021 | ||||||||
| Journal or Publication Title: | Bull Econ. Res. | ||||||||
| Volume: | 66 | ||||||||
| Page Range: | S. S104 - 6 | ||||||||
| Date: | 2014 | ||||||||
| Publisher: | WILEY | ||||||||
| Place of Publication: | HOBOKEN | ||||||||
| ISSN: | 1467-8586 | ||||||||
| Language: | English | ||||||||
| Faculty: | Unspecified | ||||||||
| Divisions: | Unspecified | ||||||||
| Subjects: | no entry | ||||||||
| Uncontrolled Keywords: |
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| URI: | http://kups.ub.uni-koeln.de/id/eprint/42110 |
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