On multiple agent models of moral hazard
In multiple principal, multiple agent models of moral hazard, we provide conditions under which the outcomes of equilibria in direct mechanisms are preserved when principals can offer indirect communication schemes. We discuss the role of random allocations and recommendations and relate the result to the existing literature.
|Date of creation:||2006|
|Date of revision:|
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"The Revelation and Delegation Principles in Common Agency Games,"
CESifo Working Paper Series
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