Informed Principal and Countervailing Incentives
Article dans une revue: 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.
Mots-clés JEL
Mots-clés
- Informed Principal
- Countervailing Incentives
- Risk Neutrality
Pages
- 240-244
URL de la notice HAL
Version
- 1
Volume
- 94