Informed Principal with Correlation.

In this paper we analyze a simple two-sided adverse selection model with one principal and one agent. They are both risk neutral and have private information about their type. We also assume that the private information of the principal is correlated with the one of the agent. The main result of the...

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Bibliographic Details
Main Author: Cella, M
Format: Working paper
Language:English
Published: Department of Economics (University of Oxford) 2006