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Moral Hazard and Renegotiation with Multiple Agents.

Ishiguro, S.; Itoh, H. - Institute of Social and Economic Research (ISER), Osaka … - 1998

The purpose of this paper is to investigate contract renegotiation in multi-agent situations where risk averse agents …

Persistent link: https://www.econbiz.de/10008602886

An Intertemporal Capital Asset Pricing Model with Stochastic Differential Utility.

Ikeda, S. - Institute of Social and Economic Research (ISER), Osaka … - 1995

Persistent link: https://www.econbiz.de/10008602933

Nonparametic Restrictions of Dynamic Optimization Behavior Under Risk: The Case of Time-Additive Expected Utility.

Kamiya, K.; Ichimura, H. - Institute of Social and Economic Research (ISER), Osaka … - 1995

Persistent link: https://www.econbiz.de/10008602955

Reasonableness of Risk Premium: A Study of the Term Structure with Risk Premium of Japan.

Yoshida, A. - Institute of Social and Economic Research (ISER), Osaka … - 1992

Persistent link: https://www.econbiz.de/10008603000

Moral Hazard and Size Trade in Agency Contracts

Ishiguro, S.; Itoh, H. - Institute of Social and Economic Research (ISER), Osaka … - 1996

The purpose of the paper is to investigate how side track (or collusion) among agents affects the principal's welfare in a hidden action model. We assume that the agent's actions are mutually observable but not contradictable among them and hence direct coordination of actions via side...

Persistent link: https://www.econbiz.de/10008603014