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A note on Common Agency models of moral hazard

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Author Info
Andrea Attar (IDEI, Toulouse)
Nicolas Porteiro (Universidad Pablo de Olavide)
Gwenaël Piaser () (Department of Economics, University of Venice Ca’ Foscari)

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Abstract

We consider Common Agency games of moral hazard and we suggest that there is only a very weak support for the standard restriction to take-it or leave-it contracts.

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File URL: http://www.dse.unive.it/fileadmin/templates/dse/wp/WP/WP_DSE_APP_36_06.pdf
File Format: application/pdf
File Function: First version, 2006
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Publisher Info
Paper provided by University of Venice "Ca' Foscari", Department of Economics in its series Working Papers with number 2006_36.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 8 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:ven:wpaper:2006_36

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Postal: Cannaregio, S. Giobbe no 873 , 30121 Venezia
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Related research
Keywords: Menus Common Agency.

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Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Christine A. Parlour & Uday Rajan, 2001. "Competition in Loan Contracts," American Economic Review, American Economic Association, vol. 91(5), pages 1311-1328, December. [Downloadable!] (restricted)
  2. Bernheim, B Douglas & Whinston, Michael D, 1986. "Common Agency," Econometrica, Econometric Society, vol. 54(4), pages 923-42, July. [Downloadable!] (restricted)
  3. Peters, Michael, 2003. "Negotiation and take it or leave it in common agency," Journal of Economic Theory, Elsevier, vol. 111(1), pages 88-109, July. [Downloadable!] (restricted)
    Other versions:
  4. Peters, Michael, 2001. "Common Agency and the Revelation Principle," Econometrica, Econometric Society, vol. 69(5), pages 1349-72, September.
    Other versions:
  5. David Martimort & Lars Stole, 2002. "The Revelation and Delegation Principles in Common Agency Games," Econometrica, Econometric Society, vol. 70(4), pages 1659-1673, July. [Downloadable!] (restricted)
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