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  • Search: isPartOf:"SERIES Working Papers, N. 02/2017"
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Year of publication
Subject
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Agency theory 1 Contract 1 Contract theory 1 Economics of information 1 Informationsökonomik 1 Prinzipal-Agent-Theorie 1 Vertrag 1 Vertragstheorie 1
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Free 1
Type of publication
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Book / Working Paper 1
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English 1
Author
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Danau, Daniel 1 Vinella, Annalisa 1
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SERIES Working Papers, N. 02/2017 1
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ECONIS (ZBW) 1
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Contractual Design in Agency Problems with Non-Monotonic Cost and Correlated Information
Danau, Daniel - 2017
We model an agency relationship in which the agent's cost is non-monotonic with respect to type and the type is correlated with a public ex-post signal. The principal can use lotteries to exploit the type-signal correlation within the limit of the agent's liability. We establish conditions for...
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