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We study the problem of multiple principals who want to obtain income from a privately informed agent and design their contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for the shapes of contracts and the amount of...
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We study the problem of multiple principals who want to obtain income from a privately informed agent and design their contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for the shapes of contracts and the amount of...
Persistent link: https://www.econbiz.de/10003147725
Persistent link: https://www.econbiz.de/10011565623
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We study the problem of multiple financiers who want to extract income from a privately informed agent and design their financial contracts non-cooperatively. Our analysis reveals that the degree of coordination between financiers has strong implications for the shapes of financial contracts....
Persistent link: https://www.econbiz.de/10014086681