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| Uncertain State of nature and Contract in the Principal-Agent Relationship | |
| 摘 要： | １ ＩｎｔｒｏｄｕｃｔｉｏｎＩｔｈａｓｌｏｎｇｂｅｅｎｒｅｃｏｇｎｉｚｅｄｔｈａｔａｐｒｏｂｌｅｍｏｆｍｏｒａｌｈａｚａｒｄｍａｙａｒｉｓｅｗｈｅｎｉｎｄｉｖｉｄｕａｌｓｅｎｇａｇｅｉｎｒｉｓｋｓｈａｒｉｎｇｕｎｄｅｒｃｏｎｄｉｔｉｏｎｓｔｈａｔｔｈｅｉｒｐｒｉｖａｔｅｌｙｔａｋｅｎａｃｔｉｏｎｓ，ａｌｏｎｇｗｉｔｈｒａｎｄｏｍｓｔａｔｅｏｆｎａｔｕｒｅ，ａｆｆｅｃｔｔｈｅｏｕｔｃｏｍｅｗｈｉｃｈｃｏｕｌｄｂｅｏｂｓｅｒｖｅｄｅｖｅｎｔｕａｌｌｙ．Ｔｈｉｓｓｉｔｕａｔｉｏｎｉｓｃｏｍｍｏｎｉｎ… |
Uncertain State of nature and Contract in the Principal-Agent Relationship |
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| Abstract: | |
| Keywords: | principal\|agent the state of the world effort cost |