Question
Assume that the principal and the agents have negative exponential utility and that the actions of the agents are observable.What is the optimal contracts?
Assume that the principal and the agents have negative exponential utility and that the actions of the agents are observable.What is the optimal contracts?
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
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