Principal and Expert Agent.
This paper analyses principal-agent contracts when the agent's action generates information not directly verifiable but used by the agent to make a risky decision. It considers a more general formulation than those studied previously, focusing on the impact on the decision made and the contract...
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| Format: | Journal article |
| Sprache: | English |
| Veröffentlicht: |
Berkley Electronic Press
2009
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