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Progressive Learning

Acharya, A; Ortner, J

Acharya, A (reprint author), Stanford Univ, Dept Polit Sci, Stanford, CA 94305 USA.

ECONOMETRICA, 2017; 85 (6): 1965

Abstract

We study a dynamic principal-agent relationship with adverse selection and limited commitment. We show that when the relationship is subject to produc......

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