Moral Hazard and Renegotiation with Multiple Agents.

The purpose of this paper is to investigate contract renegotiation in multi-agent situations where risk averse agents negotiate a contract offer to the principal after they observed a common, unverifiable perfect signal about their actions. Renegotiation gives the agents gains from mutual insurance.

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Year of publication:	1998
Authors:	Ishiguro, S. ; Itoh, H.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	MORAL HAZARD \| RISK \| CONTRACTS

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008602886