Misperceptions, Moral Hazard, and Incentives in Groups
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下载链接:
https://www.nber.org/papers/t0035
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资源简介:
Recent work has shown that, in the presence of moral hazard, balanced budget Nash equilibria in groups are not pareto-optimal. This work shows that when agents misperceive the effects of their actions on the joint outcome, there exist a set of sharing rules which balance the budget and lead to a
提供机构:
美国国家经济研究局
创建时间:
1987-05-01



