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- W2040373986 abstract "This paper addresses the issue of the optimal contract design under costly state verification and no commitment to auditing when the contract offer comes from the uninformed party. Contrary to similar frameworks and to cases where the informed party retains the bargaining power, we find that the optimal contract is characterised neither by truth telling nor by mixed strategy equilibria. Depending on endogenous revenues and observation cost, a pooling equilibrium with either deterministic or random auditing occurs." @default.
- W2040373986 created "2016-06-24" @default.
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- W2040373986 date "2001-08-01" @default.
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- W2040373986 title "The Role of Bargaining Initiative Under no Commitment to Audit" @default.
- W2040373986 cites W1574188063 @default.
- W2040373986 doi "https://doi.org/10.1111/1467-9485.00200" @default.
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