Fiche du document
6 novembre 2007
- 10261/1898
Ce document est lié à :
UFAE and IAE Working Papers
Ce document est lié à :
503.01
open
Mots-clés
Principal-agent Moral hazard Matching Implementation
Résumé
We propose a model based on competitive markets in order to analyze an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterize 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 into.