Optimal Contracts for Agents with Adverse Selection
Due to information asymmetry, adverse selection exists largely in the multiagent market. Aiming at these problems, we develop two models: pure adverse selection model and mixed adverse selection and moral hazard model. We make the assumption that a type of agent is discrete and effort level is conti...
| الحاوية / القاعدة: | Discrete Dynamics in Nature and Society |
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| المؤلفون الرئيسيون: | , |
| التنسيق: | مقال |
| اللغة: | الإنجليزية |
| منشور في: |
Wiley
2020-01-01
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| الوصول للمادة أونلاين: | http://dx.doi.org/10.1155/2020/9317019 |