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Ambiguity aversion solves the conflict between efficiency and incentive compatibility

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The conflict between Pareto optimality and incentive compatibility, that is, the fact that some Pareto optimal (efficient) allocations are not incentive compatible is a fundamental fact in information economics, mechanism design and general equilibrium with asymmetric information. This important...

Persistent link: https://www.econbiz.de/10009237124

Anreizkompatibilität als zentrales Element eines neu gestalteten Gesundheitsmarktes

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Collective choice under dichotomous preferences

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Efficiency and incentive compatibility in differential information economies

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Managerial incentives and the efficiency of capital structure in US commercial banking

Hughes, Joseph P.; Lang, William W.; Moon, Chuon-geol; … - 2003 - [Elektronische Ressource]. - Rev.

distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross …

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Managerial incentives and the efficiency of capital structure

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Transaction costs and incentive theory

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