- ECONOMICS LETTERS Journal
- October 2018
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- We provide sufficient conditions on the information structure for implementing actions in a moral hazard setting when Agent has non-probabilistic uncertainty. For a finite action space, under three well-known formulations of Agent's ambiguity attitude, contracts that partition the outcome space in two parts, and are piecewise constant on each part, are enough to implement an action. (C) 2018 Elsevier B.V. All rights reserved.
- moral hazard; non-probabilistic uncertainty; ambiguity aversion; implementability