BONTEMS, Philippe; BOURGEON, Jean-Marc - In: Annales d'Economie et de Statistique (1996) 43, pp. 181-193
This paper deals with the relative efficiency of output versus input incentives schemes in a static principal-agent model with both moral hazard and adverse selection. We define conditions that allow us to extend the result obtained by Maskin and Riley [1985] on the superiority of output...