Listagem FGV EPGE - Ensaios Econômicos por Título "The trade-off between incentives and endogenous risk"

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    • The trade-off between incentives and endogenous risk 

      Tsuchida, Marcos H.; Araújo, Aloísio Pessoa de; Moreira, Humberto Ataíde
      2004-02-01
      Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has not confirmed this prediction. In this paper, we propose a model with adverse selection followed by ...