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Johannes Hörner et Larry Samuelson
vol. 45, n° 1, mars 2016, p. 89–136
We study a discrete-time model of repeated moral hazard without commitment. In every period, a principal finances a project, choosing the scale of the project and a contingent payment plan for an agent, who has the opportunity to appropriate the returns of a successful project unbeknownst the...
Mike Hoy et Nicolas Treich
vol. 41, n° 1, mars 2016
23 mars 2016
Bruno Biais
9 mars 2016
Marc Ivaldi
8 mars 2016
7 mars 2016
