Clementi, Gian Luca; Cooley, Thomas F.; Di Giannatale, Sonia - 2010 - This version: July 20, 2009
different from that induced by other models of repeated moral hazard. In particular, our framework generates a rationale for … therefore to a drop in the return to investment. -- Principal Agent ; Moral Hazard ; Hidden Action ; Incentives ; Survival …