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| Format: | Artículo científico |
| Language: | en |
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Fundación SEPI
2007
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| Online Access: | https://www.redalyc.org/articulo.oa?id=17331205 |
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Table of 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