WP 2010-13 Dynamic Contracting under Imperfect Public Information and Asymmetric Beliefs
Published in 2013 in Journal of Economic Dynamics and Control, Volume 37, Issue 12.
AUTHORS: Yahel Giat and Ajay Subramanian
ABSTRACT. We develop a dynamic principal–agent model to show how imperfect public information and asymmetric beliefs, asymmetric risk attitudes, complementary actions by both parties, and inter-temporal adverse selection arising from the agent’s… more »
