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Persistent link: https://www.econbiz.de/10009711751
Persistent link: https://www.econbiz.de/10001015097
We analyze the expected value of information about an agent's type in the presence of moral hazard and adverse selection. Information about the agent's type enables the principal to sort/screen agents of different types. The value of the information decreases in the variability of output and the...
Persistent link: https://www.econbiz.de/10012841554
We analyze the expected value of information about an agent's type in the presence of moral hazard and adverse selection. Information about the agent's type enables the principal to sort/screen agents of different types. The value of the information decreases in the variability of output and the...
Persistent link: https://www.econbiz.de/10012860920