Existence and non-existence in the moral hazard problem

DOI10.1016/J.JET.2013.09.011MaRDI QIDQ2439917zbMATH OpenOpenAlexFDO

Authors Sofia Moroni, Jeroen M. Swinkels

Publication date 26 March 2014

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2013.09.011

zbMATH Keywords

existencemoral hazardoptimal contractprincipal-agent modelsMirrlees non-existence example

Mathematics Subject Classification ID

Heterogeneous agent models (91B69)

Recommendations

• Existence and monotonicity of solutions to moral hazard problems
• The existence of an optimal deterministic contract in moral hazard problems
• Moral hazard with bounded payments
• On the moral hazard problem without the first-order approach
• Moral hazard and the spanning condition without the first-order approach

Cites work

• Existence and monotonicity of solutions to moral hazard problems
• Justifying the First-Order Approach to Principal-Agent Problems
• Moral hazard with bounded payments
• The First-Order Approach to Principal-Agent Problems
• The Theory of Moral Hazard and Unobservable Behaviour: Part I

Cited in

(15)

• Moral hazard with bounded payments
• A dual approach to agency problems
• Participation in moral hazard problems
• PENALTIES WITHIN THE MORAL HAZARD PROBLEM
• Principal-multiagents problem under equivalent changes of measure: general study and an existence result
• Moral hazard with non-additive uncertainty: when are actions implementable?
• Informed-principal problem with moral hazard, risk neutrality, and no limited liability
• On the moral hazard problem without the first-order approach
• The existence of an optimal deterministic contract in moral hazard problems
• Moral hazard and the property rights approach to the theory of the firm
• Effects of changes in preferences in moral hazard problems
• Moral hazard with a finite number of states
• Moral hazard with the (unlikely) possibility of catastrophes
• Existence and monotonicity of solutions to moral hazard problems
• Moral hazard and the spanning condition without the first-order approach

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