Group Contracting and Enforcement

Jean-Jacques Laffont and Tchétché N'Guessan

Journal of Institutional and Theoretical Economics (JITE), 2001, vol. 157, issue 4, 487-498

Abstract: We consider a principal-multiagent framework with adverse selection when contracting is possible ex ante. However, enforcement of contracts is imperfect, which results in inefficiencies. We study how group contracting may or may not mitigate those inefficiencies.

JEL-codes: C7 D7 D8 O12 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (3)

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