Filipova, Lilia - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2007
insureds may choose the precision of monitoring. Also privacy costs incurred thereby are taken into account. Two alternative … data. With any contract scheme some monitor- ing will be optimal unless the privacy costs increase too fast in relation to … signals (monitoring and the outcome) informative of effort (ii) maximizes welfare. In the presence of privacy costs, the …