Browsing FGV EPGE - Artigos de Jornais e Revistas by Author "Pires, Henrique Brasiliense de Castro"

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    • Limited liability and non-responsiveness in agency models 

      Pires, Henrique Brasiliense de Castro; Moreira, Humberto Ataíde
      2019
      This paper analyzes the optimal menu of contracts offered by a risk neutral principal to a risk averse agent under moral hazard, adverse selection and limited liability. We show that a limited liability constraint causes ...