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The Cost of Moral Hazard and Limited Liability in the Principal-Agent Problem.
Felipe Balmaceda
Santiago R. Balseiro
José R. Correa
Nicolás E. Stier Moses
Published in:
WINE (2010)
Keyphrases
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conceptual framework
moral hazard
principal agent
construction project
adverse selection
mechanism design
construction process
optimization model
electronic markets
expected cost
cooperative
early stage
total cost
fixed cost