Risky allocations from a risk-neutral informed principal
We study a model of informed principal with private values where the principal is risk neutral and the agent is risk averse. We show that the principal, regardless of her type, gains by not revealing her type to the agent through the contract offer. The equilibrium allocation transfers some ex-ante...
| Glavni autor: | |
|---|---|
| Format: | Working paper |
| Izdano: |
University of Oxford
2005
|