Moral hazard with the (unlikely) possibility of catastrophes
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DOI: 10.1016/j.econlet.2014.06.035
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More about this item
Keywords
Moral hazard; Cumulants; Rare disasters; Optimal contract; Skewness;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
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