Itens para a visualização no momento 1-1 of 1

    • 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 ...