Informed Principal and Countervailing Incentives
Journal article: It has been shown by Maskin and Tirole (1990, proposition 11) that with quasi-linear preferences and private values, an informed principal neither gains nor loses if her private information is revealed before contracting takes place. The note shows that this result may not hold when the agent faces countervailing incentives.
Keywords JEL
Keywords
- Informed Principal
- Countervailing Incentives
- Risk Neutrality
Pages
- 240-244
URL of the HAL notice
Version
- 1
Volume
- 94