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On the moral hazard problem without the first-order approach.

Ohad KadanJeroen M. Swinkels
Published in: J. Econ. Theory (2013)
Keyphrases
  • moral hazard
  • adverse selection
  • mechanism design
  • first order logic
  • construction project
  • principal agent
  • electronic markets
  • incentive compatible
  • cooperative
  • dynamic environments