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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Бібліографічні деталі
Автор: Malcomson, J
Формат: Working paper
Мова:English
Опубліковано: Department of Economics (University of Oxford) 2004