Browsing by Title "Limited liability and non-responsiveness in moral hazard and adverse selection problems"

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Limited liability and non-responsiveness in moral hazard and adverse selection problems

Pires, Henrique Brasiliense de Castro
2016-03-21

This work analyses the optimal menu of contracts offered by a risk neutral principal to a risk averse agent under moral hazard, adverse selection and limited liability. There are two output levels, whose probability of ...