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 Date: 2011-10-06 03:40:12Asymmetric information Economy Information Contract theory Principalagent problem Cash flow Complete market Principal Moral hazard |
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Date: 2011-10-06 03:40:12Asymmetric information Economy Information Contract theory Principalagent problem Cash flow Complete market Principal Moral hazard |
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Risking Other People’s Money: Gambling, Limited Liability, and Optimal Incentives Peter M. DeMarzo∗ Graduate School of Business Stanford University