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  • Search: subject:"lognormally distributed random variable"
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Subject
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VaR for the agent 1 VaR for the principal 1 expected utility 1 lognormally distributed random variable 1 measure of the utility risk 1 model of moral hazard (risk) 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Minasyan, Vigen 1
Institution
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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MPRA Paper 1
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RePEc 1
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Incentives and Risks in Relationships Between the Principal and the Agent
Minasyan, Vigen - Volkswirtschaftliche Fakultät, … - 2014
The paper addresses a basic model of moral hazard (risk) [Gibbons, 2010; Gibbons, 2005] and suggests some of its modifications. In the basic model of moral risk, questions are put and examined that have not been considered in the previous researches. In particular, it is proved that the level of...
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