| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549394 | Economics Letters | 2005 | 7 Pages |
Abstract
We study the matching patterns between heterogeneous principals and agents in a principal agent model. The resulting equilibrium relationship between risk and incentives could be negative, positive or U-shaped. These results may provide an explanation for the absence of systematic empirical support for the standard risk model.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Konstantinos Serfes,