Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76350
Authors: 
Dam, Kaniska
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 945
Abstract: 
We propose a model based on competitive markets in order to analyse an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of principal-agent economies where the results fit.
Subjects: 
principal-agent
moral hazard
matching
implementation
Document Type: 
Working Paper

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