2 papers
econ.GN2021
Moral Hazard, Dynamic Incentives, and Ambiguous Perceptions
Martin Dumav
This paper considers dynamic moral hazard settings, in which the consequences of the agent's actions are not precisely understood. In a new continuous-time moral hazard model with…
econ.TH2021
Moral Hazard with Heterogeneous Beliefs
Martin Dumav, Urmee Khan, Luca Rigotti
We study a model of moral hazard with heterogeneous beliefs where each of agent's actions gives rise to a pair of probability distributions over output levels, one representing the…