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Repositório FGV de Conferências

FGV Conferences, 33º Meeting of the Brazilian Econometric Society

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Suboptimal Deterministic Contracts: Examples.
Sergei Vieira Silva

Last modified: 25-09-2011

Abstract


In this paper we show that even when the virtual surplus is strictly concave, an stochastic contract may be desirable. The results are established in the Principal-Agent model context with a continuum type set.


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