Optimal Incentives in a Principal-Agent Model with Endogenous Technology
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DOI: 10.3390/g9010006
Abstract: One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk aversion. In this paper we show that this relationship may be absent or reversed… read more here.
Keywords: risk aversion; principal agent; optimal incentives; incentives principal ... See more keywords