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We study how optimal contracts are modified when the agent has the possibility to acquire information before the contract is offered to him. We consider a situation in which this information is always available to the agent just before producing. Therefore, prior information acquisition is...
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The paper examines the concepts of time and space compression brought about by the process of globalization, and its implications for the securities industry.
Persistent link: https://www.econbiz.de/10005486635
Persistent link: https://www.econbiz.de/10005640648