Solomonic Separation: Risk Decisions as Productivity Indicators
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A principal provides budgets to agents (e.g., divisions of a firm or the principal's children) whose expenditures provide her benefits, either materially or because of altruism. Only agents know their potential to generate benefits. We prove that if the more "productive" agents are also more risk
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美国国家经济研究局创建时间：
2012-12-01
