Browsing FGV EPGE - Escola Brasileira de Economia e Finanças 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 ...

    • 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 ...