Document de travail
Arm's length relationships without moral hazard
Jacques Crémer
IDEI Working Paper
n° 585, 16 novembre 2009
Référence
Jacques Crémer, « Arm's length relationships without moral hazard », IDEI Working Paper, n° 585, 16 novembre 2009.
Résumé
I show that cutting the flow of information between a principal and an agent can increase the power of the incentives of the agent to reveal private information.