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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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