Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7348575 | Economics Letters | 2018 | 15 Pages |
Abstract
We provide sufficient conditions on the information structure for implementing actions in a moral hazard setting when Agent has non-probabilistic uncertainty. For a finite action space, under three well-known formulations of Agent's ambiguity attitude, contracts that partition the outcome space in two parts, and are piecewise constant on each part, are enough to implement an action.
Related Topics
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Economics and Econometrics
Authors
Martin Dumav, Urmee Khan,