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We investigate how different competitive regimes affect the ability to provide incentives based on noisy information systems. The set-up involves multiple producers and processors in the presence of moral hazard and adverse selection. Reduced competition may facilitate incentive provision by...
Persistent link: https://www.econbiz.de/10005686070
Persistent link: https://www.econbiz.de/10005686097
We investigate how different competitive regimes affect the ability to provide incentives based on noisy information systems. The set-up involves multiple producers and processors in the presence of moral hazard and adverse selection. Reduced competition may facilitate incentive provision by...
Persistent link: https://www.econbiz.de/10009392435
Persistent link: https://www.econbiz.de/10009392617