Principal-Agent Problems with Exit Options
نویسندگان
چکیده
منابع مشابه
Principal-Agent Problems with Exit Options
We consider the problem of when to deliver the contract payoff, in a continuoustime Principal-Agent setting, in the presence of moral hazard and/or adverse selection. The principal can design contracts of a simple form that induce the agent to ask for the payoff at the time of principal’s choosing. The optimal time of payment depends on the agent’s and the principal’s outside options. Examples ...
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ژورنال
عنوان ژورنال: The B.E. Journal of Theoretical Economics
سال: 2008
ISSN: 1935-1704,2194-6124
DOI: 10.2202/1935-1704.1474