Optimal Incentives Schemes under <i>Homo Moralis</i> Preferences
This study focuses on the optimal incentive schemes in a multi-agent moral hazard model, where each agent has other-regarding preferences and an individual measure of output, with both being observable by the principal. In particular, the two agents display homo moralis preferences. I find that, con...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-03-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/12/1/28 |