PENALTIES WITHIN THE MORAL HAZARD PROBLEM

Research output: Contribution to journalArticleResearchpeer-review

Abstract

This paper exhibits some necessary and sufficient conditions for mechanisms embodying penalties to approach the first best solution in moral hazard problems. Copyright © 1993, Wiley Blackwell. All rights reserved
Original languageEnglish
Pages (from-to)239-257
JournalMetroeconomica
Volume44
DOIs
Publication statusPublished - 1 Jan 1993

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