Une théorie normative des contrats Etats-entreprises
Jean-Jacques Laffont and
Jean Tirole
Annals of Economics and Statistics, 1986, issue 1, 107-132
Abstract:
We develop progressively models enabling us to characterize optimal contracts between government and firms when uncertainty and various types of asymmetric information (moral hazard and adverse selection) are present. We obtain normative contracts which are close to commonly used contracts with a linear sharing of overruns.
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1986:i:1:p:107-132
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