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Riesgo Moral y Contratos: Cierta Evidencia Experimental

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Author Info
Julián Arévalo (Universidad Externado de Colombia)
Jair Ojeda (Banco de la República)

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Abstract

This paper shows one type of asymetric information problems, their theorethical implications, the design of contracts that mitigate them, as well as some experimental evidence. Furthermore, by extrapolating the results, the paper tries to illustrate certain macroeconomic implications obtained under a controlled environment.

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File URL: http://129.3.20.41/eps/game/papers/0407/0407002.pdf
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Publisher Info
Paper provided by EconWPA in its series Game Theory and Information with number 0407002.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 20 pages
Date of creation: 08 Jul 2004
Date of revision: 18 Jul 2004
Handle: RePEc:wpa:wuwpga:0407002

Note: Type of Document - pdf; pages: 20
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Web page: http://129.3.20.41

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Related research
Keywords: Moral Hazard Contracts Experimental Economics Assymetric Information

Other versions of this item:

Find related papers by JEL classification:
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

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References listed on IDEAS
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  1. Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, vol. 87(1), pages 115-37, March. [Downloadable!] (restricted)
    Other versions:
  2. Hoffman, Elizabeth & Spitzer, Matthew L, 1982. "The Coase Theorem: Some Experimental Tests," Journal of Law & Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
  3. Laffont, Jean-Jacques & Ossard, Herve & Vuong, Quang, 1995. "Econometrics of First-Price Auctions," Econometrica, Econometric Society, vol. 63(4), pages 953-80, July. [Downloadable!] (restricted)
    Other versions:
  4. Pierre-Andre Chiappori & Bernard Salanie, 2001. "Testing for Asymmetric Information in Insurance Markets," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 56-78, February. [Downloadable!] (restricted)
    Other versions:
  5. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December. [Downloadable!] (restricted)
  6. Ochs, Jack & Roth, Alvin E, 1989. "An Experimental Study of Sequential Bargaining," American Economic Review, American Economic Association, vol. 79(3), pages 355-84, June. [Downloadable!] (restricted)
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