Agency theory: choice-based foundations of the parametrized distribution formulation

DOI10.1007/s00199-007-0277-9zbMath1155.91019OpenAlexW2038734469MaRDI QIDQ934899

Edi Karni

Publication date: 30 July 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0277-9

zbMATH Keywords

Moral hazardAgency theoryContract theory

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (5)

Stochastic Programming Perspective on the Agency Problems Under Uncertainty ⋮ Strategies in the principal-agent model ⋮ A theory of Bayesian decision making with action-dependent subjective probabilities ⋮ Knightian uncertainty and moral hazard ⋮ A reformulation of the maxmin expected utility model with application to agency theory

Cites Work

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• Subjective probabilities for state dependent continuous utility
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• Probabilities and beliefs
• On the representation of beliefs by probabilities
• A new approach to modeling decision-making under uncertainty
• Subjective expected utility theory without states of the world
• State-Dependent Utilities
• An Analysis of the Principal-Agent Problem
• A Definition of Subjective Probabilities with State-Dependent Preferences
• A Definition of Subjective Probability

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