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Technological design and moral hazard

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  • Edward Simpson Prescott

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  • Edward Simpson Prescott, 2005. "Technological design and moral hazard," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 91(Fall), pages 43-55.
    • Handle: RePEc:fip:fedreq:y:2005:i:fall:p:43-55:n:v.91no.4
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    References listed on IDEAS

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    1. Jewitt, Ian, 1988. "Justifying the First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 56(5), pages 1177-1190, September.
    2. Itoh, Hideshi, 1991. "Incentives to Help in Multi-agent Situations," Econometrica, Econometric Society, vol. 59(3), pages 611-636, May.
    3. Black, Fischer & Miller, Merton H & Posner, Richard A, 1978. "An Approach to the Regulation of Bank Holding Companies," The Journal of Business, University of Chicago Press, vol. 51(3), pages 379-412, July.
    4. Oliver Hart & Bengt Holmstrom, 1986. "The Theory of Contracts," Working papers 418, Massachusetts Institute of Technology (MIT), Department of Economics.
    5. Lehnert, Andreas & Ligon, Ethan & Townsend, Robert M., 1999. "Liquidity Constraints And Incentive Contracts," Macroeconomic Dynamics, Cambridge University Press, vol. 3(1), pages 1-47, March.
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