Moral hazard with non-additive uncertainty: When are actions implementable?

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 171
Issue: C
Pages: 110-114

Authors (2)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We provide sufficient conditions on the information structure for implementing actions in a moral hazard setting when Agent has non-probabilistic uncertainty. For a finite action space, under three well-known formulations of Agent’s ambiguity attitude, contracts that partition the outcome space in two parts, and are piecewise constant on each part, are enough to implement an action.

Technical Details

RePEc Handle
repec:eee:ecolet:v:171:y:2018:i:c:p:110-114
Journal Field
General
Author Count
2
Added to Database
2026-01-25