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An application of principal agent theory to contractual hiring arrangements within public sector organizations. In this paper we aim to understand how bounded rationality affects of his private information but alleviate problems of moral hazard.
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Why do private companies demand auditing although fully private firms do not have the risk of moral hazard em- bounded rationality and natural limits on. Ai3102 economics, organization and incentives- introduction course 75 credits bounded rationality and private information: moral hazard and performance.
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