A unifying approach to incentive compatibility in moral hazard problems
Sign Up to like & getrecommendations! Published in 2017 at "Theoretical Economics"
DOI: 10.3982/te2008
Abstract: A new approach to moral hazard is presented. Once local incentive compatibility is satisfied, the problem of verifying global incentive compatibility is shown to be isomorphic to the problem of comparing two classes of distribution… read more here.
Keywords: moral hazard; hazard problems; incentive compatibility; approach ... See more keywords