Ex Ante Randomization in Agency Models

• المؤلفون الرئيسيون: KWON, Young Koan, Fellingham, J., Newman, P.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 1984
• الموضوعات: Accounting
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/730; http://www.jstor.org/stable/2555682

In a principal-agent relationship, the principal tries to develop a sharing rule that both motivates the agent and shares risk. In examining the use of randomized strategies in the structuring of optimal contracts in agency settings, ex post randomization (over fee schedules following act selection...