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We consider a class of two-player quadratic games under incomplete information to study the relation between exogenous coordination motives and strategic interactions in information acquisition. The players make decisions in two stages. They decide about information acquisition in the first...
Persistent link: https://www.econbiz.de/10010687832
I analyze a problem of assigning heterogeneous agents (tenants) to heterogeneous principals (landlords), where partnerships are subject to moral hazard in effort choice. The agents differ in wealth endowment and the principals differ in land quality. When the liability of each agent is limited...
Persistent link: https://www.econbiz.de/10010687844
I analyze a problem of assigning heterogeneous agents (tenants) to heterogeneous principals (landlords), where partnerships are subject to moral hazard in effort choice. The agents differ in wealth endowment and the principals differ in land quality. When the liability of each agent is limited...
Persistent link: https://www.econbiz.de/10010823217
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We .nd that the structure of the optimal contracts change along the Pareto Frontier,...
Persistent link: https://www.econbiz.de/10010823261