Optimal Monitoring in Teams.

Gautier, Axel
(1999)

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  • Gautier, Axel
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Abstract
We abstract from risk sharing. The limited liability constraint and the non contractibility of the created surplus (see after) implies that it is not possible to make an agent residual claimant of the relation. Then, even with risk neutral agents, the inc
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Gautier, A. (1999). Optimal Monitoring in Teams. (ECON Working Papers 1999/06). https://hdl.handle.net/2078.5/36042