Title
The Principal-Agent Model When Agents Can Make Mistakes
Document Type
Preprint
Publication Date
11-2-2010
Abstract
This paper examines the principal-agent model when the agent can make a mistake by providing the" wrong" effort level. How the contract is affected depends on (1) whether mistakes can be positive or negative or are always negative and (2) whether the cost of effort depends on intended effort or actual effort.
Repository Citation
Thistle, P. D.
(2010).
The Principal-Agent Model When Agents Can Make Mistakes.
COinS