Showing 1 - 10 of 6,267
Consider an agent who can costlessly add mean-preserving noise to his output. To deter such risk-taking, the principal optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by limited liability, this concavity constraint binds...
Persistent link: https://www.econbiz.de/10012308620
Persistent link: https://www.econbiz.de/10001228652
Persistent link: https://www.econbiz.de/10014502199
Persistent link: https://www.econbiz.de/10011289819
Persistent link: https://www.econbiz.de/10001779721
Persistent link: https://www.econbiz.de/10009776509
Persistent link: https://www.econbiz.de/10011401558
Persistent link: https://www.econbiz.de/10009627620
Persistent link: https://www.econbiz.de/10011502533
Persistent link: https://www.econbiz.de/10010492097