Demougin, Dominique; Fabel, Oliver - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
capitalists provide
important consulting and management services.7 Thus, the optimal contract
must solve a double moral hazard … following assumption.
Assumption 1: All the relevant distributions are common knowledge. In
addition,
1. if the innovator … of Con-
vertible Debt. Review of Economic Studies, vol. 70, p. 1-32.
Davila, T. and G. Foster. (2004). Management …