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Abstract. We consider optimal contracts when a principal has two sources to detect bad projects. The first one is an information technology without agency costs (ITP), whereas the second one is the expertise of an agent subject to moral hazard, adverse selection and limited liability (ITA). First, we show that the principal does not necessarily benefit from access to additional information and thereby...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.