Title: Principal-agent model and risk analysis under asymmetric information condition
Abstract: The paper describes a kind of principal-agent model under asymmetric information condition from actual economic life. Through the analysis on optimal solution of the model, we discover that the risk appetite of the agent has a direct effect on the optimal incentive mechanism and the risk sharing of principal and agent, and also endow a parameter in the incentive contract with new economic presentation.
Publication Year: 2011
Publication Date: 2011-09-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 1
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