A general Lagrangian approach for non-concave moral hazard problems

DOI10.1016/S0304-4068(00)00055-0zbMATH Open0970.91050OpenAlexW2139639096MaRDI QIDQ5931982FDOQ5931982

Aloisio Araujo, Humberto Moreira

Publication date: 17 July 2001

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(00)00055-0

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zbMATH Keywords

first-order approachgeneral Lagrangianmoral hazard problem

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

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• Title not available (Why is that?)
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• The First-Order Approach to Principal-Agent Problems
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• Justifying the First-Order Approach to Principal-Agent Problems
• An Analysis of the Principal-Agent Problem
• The First-Order Approach to Multi-Signal Principal-Agent Problems
• Title not available (Why is that?)
• The existence of optimal contracts in the principal-agent model

Cited In (9)

• An envelope approach to tournament design
• Monotonicity of Optimal Contracts Without the First-Order Approach
• A general solution method for moral hazard problems
• On the value of information in the presence of moral hazard
• Multitask principal-agent problems: Optimal contracts, fragility, and effort misallocation
• A penalty function method for the principal-agent problem with an infinite number of incentive-compatibility constraints under moral hazard
• Moral hazard with non-additive uncertainty: when are actions implementable?
• The informativeness principle without the first-order approach
• Moral hazard and the spanning condition without the first-order approach

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