𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A MANAGERIAL SELECTION STUDY

✍ Scribed by MORTON EDWARD SPITZER; WALTER J. McNAMARA

Book ID
111324498
Publisher
John Wiley and Sons
Year
1964
Tongue
English
Weight
1008 KB
Volume
17
Category
Article
ISSN
0031-5826

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## Abstract We extend the __strategic contract model__ where the owner designs incentive schemes for her manager before the latter takes output decisions. Firstly, we introduce private knowledge regarding costs __within__ each owner–manager pair. Under adverse selection, we show that delegation inv