Working paper
Arm's length relationships without moral hazard
Jacques Crémer
IDEI Working Paper
n. 585, November 16, 2009
Reference
Jacques Crémer, “Arm's length relationships without moral hazard”, IDEI Working Paper, n. 585, November 16, 2009.
Abstract
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.