Now showing items 1-2 of 2

    • Optimality of linearity with collusion and renegotiation 

      Barlo, Mehmet; Özdoğan Atabay, Ayça (Elsevier Science Bv, 2014-09)
      This study analyzes a continuous-time N-agent Brownian moral hazard model with constant absolute risk aversion (CARA) utilities, in which agents' actions jointly determine the mean and variance of the outcome process. In ...
    • The Optimality of Team Contracts 

      Barlo, Mehmet; Özdoğan Atabay, Ayça (MDPI, 2013-11)
      This paper analyzes optimal contracts in a linear hidden-action model with normally distributed returns possessing two moments that are governed jointly by two agents who have negative exponential utilities. They can observe ...