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A general equilibrium analysis of the credit market
(Centro de Investigación y Docencia Económicas, División de Economía, 2009)
I analyse a model of incentive contracts where principals who each
possesses the same monitoring technologies, contract with agents from a
pool of individuals differing in their wealth endowments. Principals and
agents ...
Compromises and incentives
(Centro de Investigación y Docencia Económicas, División de Economía, 2013)
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We find ...