𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Adverse selection under ignorance

✍ Scribed by Javier M. López-Cunat


Publisher
Springer
Year
2000
Tongue
English
Weight
153 KB
Volume
16
Category
Article
ISSN
0938-2259

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Strategic managerial incentives under ad
✍ Michel Cavagnac 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 205 KB

## 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