Principal and Expert Agent.

Principal and Expert Agent.

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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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Библиографические подробности
Главный автор:	Malcomson, J
Формат:	Working paper
Язык:	English
Опубликовано:	Department of Economics (University of Oxford) 2004

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