PENALTIES WITHIN THE MORAL HAZARD PROBLEM

Inés Macho‐Stadler

doi:https://doi.org/10.1111/j.1467-999X.1993.tb00861.x

PENALTIES WITHIN THE MORAL HAZARD PROBLEM

Inés Macho‐Stadler

Department of Economics and Economic History

Research output: Contribution to journal › Article › Research › peer-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 language	English
Pages (from-to)	239-257
Journal	Metroeconomica
Volume	44
DOIs	https://doi.org/10.1111/j.1467-999X.1993.tb00861.x
Publication status	Published - 1 Jan 1993

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title = "PENALTIES WITHIN THE MORAL HAZARD PROBLEM",

abstract = "This paper exhibits some necessary and sufficient conditions for mechanisms embodying penalties to approach the first best solution in moral hazard problems. Copyright {\textcopyright} 1993, Wiley Blackwell. All rights reserved",

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PENALTIES WITHIN THE MORAL HAZARD PROBLEM

Abstract

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