Documents Industrial Economics (Econ3400) Week 4 August 14, 2008 Room 323, Bldg 3 Semester 2, 2008 Instructor:...

Slide 1Industrial Economics (Econ3400) Week 4 August 14, 2008 Room 323, Bldg 3 Semester 2, 2008 Instructor: Dr Shino Takayama Slide 2 Agenda for Week 4 Review: The Holdup…

Documents Optimal Contracts under Moral Hazard. What does it mean Moral Hazard? We will use much more often...

Slide 1Optimal Contracts under Moral Hazard Slide 2 What does it mean Moral Hazard? We will use much more often the notion of Moral Hazard as hidden action rather than ex-post…