Low outcomes and the first-order approach to agency problems
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Redalyc
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| Format: | Artículo científico |
| Language: | en |
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Fundación SEPI
2007
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| _version_ | 1876469279555059712 |
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| author | Óscar Gutiérrez |
| author_facet | Óscar Gutiérrez |
| contents | Low outcomes and the first-order approach to agency problems Óscar Gutiérrez Economía y Finanzas first Agency order approach likelihood ratio This paper claims that the first-order approach to agency problems can onlyhold if the likelihood ratio is bounded from below. None of the classic sets ofsu��cient conditions to validate it (Mirrlees-Rogerson (1979-1985) and Jewitt(1988)) guarantees such a condition. 2007 editorial 0210-1521 https://www.redalyc.org/articulo.oa?id=17331205 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXXI |
| format | Artículo científico |
| id | redalyc_17331205 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Fundación SEPI |
| spellingShingle | Low outcomes and the first-order approach to agency problems Óscar Gutiérrez Economía y Finanzas first Agency order approach likelihood ratio Low outcomes and the first-order approach to agency problems Óscar Gutiérrez Economía y Finanzas first Agency order approach likelihood ratio This paper claims that the first-order approach to agency problems can onlyhold if the likelihood ratio is bounded from below. None of the classic sets ofsu��cient conditions to validate it (Mirrlees-Rogerson (1979-1985) and Jewitt(1988)) guarantees such a condition. 2007 editorial 0210-1521 https://www.redalyc.org/articulo.oa?id=17331205 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXXI |
| title | Low outcomes and the first-order approach to agency problems |
| topic | Economía y Finanzas first Agency order approach likelihood ratio |
| url | https://www.redalyc.org/articulo.oa?id=17331205 |