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Adverse selection in dynamic moral hazard

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Incentive auctions and information revelation

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Principals competing for an agent in the presence of adverse selection and moral hazard

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Incentive Auctions and Information Revelation

Biglaiser, Gary; Mezzetti, Claudio - 2000

We study an incentive auction in which multiple principals bid for the exclusive services, or effort, of a single agent. Each principal has private information about her valuation for these services, and the agent has private information about his disutility of providing them. We characterize...

Persistent link: https://www.econbiz.de/10014171011