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Arm's length relationships without moral hazard

Jacques Crémer ()

No 09-111, TSE Working Papers from Toulouse School of Economics (TSE)

Abstract: I show that cutting the flow of information between a principal and an agent can increase the power of the incentives of the agent to reveal private information.

Date: 2009-11
New Economics Papers: this item is included in nep-cta
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Related works:
Journal Article: Arm's-Length Relationships without Moral Hazard (2010) Downloads
Working Paper: Arm's length relationships without moral hazard (2009) Downloads
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