On the validity of the first-order approach with moral hazard and hidden assets

DOI10.1016/J.ECONLET.2014.06.030zbMath1302.91121OpenAlexW2042437681MaRDI QIDQ485717

Giuseppe Bertola, Winfried Koeniger

Publication date: 14 January 2015

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/2318/155042

zbMATH Keywords

first-order approachprincipal agenthidden actionhidden assets

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (1)

Globally convergent method for designing twice spline contractual function

Cites Work

• On the first-order approach in principal-agent models with hidden borrowing and lending
• Efficient Allocations with Hidden Income and Hidden Storage
• Optimal Taxation with Endogenous Insurance Markets
• The First-Order Approach to Principal-Agent Problems
• Justifying the First-Order Approach to Principal-Agent Problems
• An Exploration in the Theory of Optimum Income Taxation

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