The first-order approach when the cost of effort is money
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DOI: 10.1016/j.jmateco.2012.09.002
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- Marie-Cécile Fagart & Claude Fluet, 2012. "The First-Order Approach when the Cost of Effort is Money," Cahiers de recherche 1220, CIRPEE.
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Citations
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Cited by:
- Matthias Lang, 2023.
"Stochastic contracts and subjective evaluations,"
RAND Journal of Economics, RAND Corporation, vol. 54(1), pages 104-134, March.
- Matthias Lang, 2021. "Stochastic Contracts and Subjective Evaluations," CESifo Working Paper Series 9458, CESifo.
- Lang, Matthias, 2022. "Stochastic Contracts and Subjective Evaluations," Rationality and Competition Discussion Paper Series 329, CRC TRR 190 Rationality and Competition.
- Nicolas Quérou & Antoine Soubeyran & Raphael Soubeyran, 2020.
"Contracting under unverifiable monetary costs,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(4), pages 892-909, October.
- Nicolas Quérou & Antoine Soubeyran & Raphael Soubeyran, 2020. "Contracting Under Unverifiable Monetary Costs," Post-Print hal-02866383, HAL.
- Richard Peter, 2024. "The economics of self-protection," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 49(1), pages 6-35, March.
- Han Bleichrodt, 2022. "The prevention puzzle," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(2), pages 277-297, September.
- Fraser, Clive D., 2021. "Protection in numbers? Self-protection as a local public good," Journal of Mathematical Economics, Elsevier, vol. 96(C).
- Richard Peter, 2021. "Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1259-1281, June.
- Jung, Jin Yong & Kim, Son Ku, 2015. "Information space conditions for the first-order approach in agency problems," Journal of Economic Theory, Elsevier, vol. 160(C), pages 243-279.
- Peter, Richard, 2021. "Prevention as a Giffen good," Economics Letters, Elsevier, vol. 208(C).
- Wang, Leran, 2021. "Fertility, Imperfect Labor Market, and Notional Defined Contribution Pension," The Journal of the Economics of Ageing, Elsevier, vol. 20(C).
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More about this item
Keywords
Principal-agent model; Contract; Moral hazard; Pecuniary effort; Nonseparable utility; Information system;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
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