Information space conditions for the first-order approach in agency problems

DOI10.1016/j.jet.2015.09.003zbMath1369.91113MaRDI QIDQ893411

Son Ku Kim, Jin Yong Jung

Publication date: 19 November 2015

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

Full work available at URL: https://doi.org/10.1016/j.jet.2015.09.003

zbMATH Keywords

first-order approach; principal-agent model; likelihood ratio variable

Mathematics Subject Classification ID

91B06: Decision theory

91B44: Economics of information

Related Items

A general solution method for moral hazard problems, Monotonicity of Optimal Contracts Without the First-Order Approach, The existence of an optimal deterministic contract in moral hazard problems, A dual approach to agency problems, Relational contracts and the first-order approach, Moral hazard and the spanning condition without the first-order approach, The informativeness principle without the first-order approach, Prudence and the convexity of compensation contracts, Effects of changes in preferences in moral hazard problems

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