Article ID Journal Published Year Pages File Type
1142661 Operations Research Letters 2013 4 Pages PDF
Abstract

This paper considers the principal–agent problems under inequality aversion. We identify sufficient conditions for the first-order approach to be valid. Our results suggest that the first-order approach is restricted in the presence of inequality aversion.

Keywords
Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
Preview
The first-order approach to the principal–agent problems under inequality aversion
Authors
,