Szalay, Dezsö (contributor) - 2006
expectation is taken with respect to X. The law of iterated
expectations requires that ES [E [ js;e]] = E [ ]: Changing … of has a concave inverse hazard rate; and for the speci�c case where
x(s) = 8119 + 119 (s + 9)2 and e is su� ciently …
DEPARTMENT OF ECONOMICS
Contracts with Endogenous Information
Dezs� Szalayy
University of Warwick
June 23, 2005, revised …