Moral Hazard and Renegotiation in Agency Contracts
- 1 November 1990
- journal article
- Published by JSTOR in Econometrica
- Vol. 58 (6) , 1279
- https://doi.org/10.2307/2938317
Abstract
Previous analyses of principal-agent problems with moral hazard assume the parties can commit to a contract that will not be renegotiated. We allow the contract...Keywords
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