Moral hazard and incentives in a decentralized planning environment

Moral Hazard and Observability

Bengt Holmström · The Bell Journal of Economics · 1979 · 8.5K citations

Business, Business Economics, Contract Law +17

The Economic Theory of Agency: The Principal's Problem.

Stephen A. Ross · American Economic Review · 1973 · 4.1K citations

Business, Business Economics, Economics +14

Good News and Bad News: Representation Theorems and Applications

Paul Milgrom · The Bell Journal of Economics · 1981 · 3.3K citations

Social Sciences, Business Economics, Economics +17

An Analysis of the Principal-Agent Problem

Sanford J. Grossman, Oliver Hart · Econometrica · 1983 · 2.1K citations

Business, Decision Sciences, Economics +16

Rules for Ordering Uncertain Prospects

Josef Hadar, William R. Russell · American Economic Review · 1969 · 1.7K citations

Business, Decision Sciences, Decision Analysis +11