Martin, Antoine; Monnet, Cyril - In: Topics in Macroeconomics 6 (2006) 1, pp. 1296-1296
Jovanovic and Ueda (1997) consider a principal-agent model with moral hazard and renegotiation. A noisy signal of the agent's output is observed before renegotiation takes place and actual output is revealed after renegotiation. If the agent is restricted to choose pure strategies it can be...