Private investment with social benefits under uncertainty: The dark side of public financing

Autor: Marco Buso, Kene Boun My, Giuseppe Attanasi, Anne Stenger

Publikováno v: Journal of Public Economic Theory
Journal of Public Economic Theory, Wiley, In press, pp.1-52. ⟨10.1111/jpet.12358⟩
Journal of Public Economic Theory, Wiley, 2020, 22 (3), pp.769-820. ⟨10.1111/jpet.12358⟩
Journal of Public Economic Theory, 2020, 22 (3), pp.769-820. ⟨10.1111/jpet.12358⟩

In this paper we first develop a theoretical model characterized by sequential activities (initial investment and management effort) and moral hazard. The game is an interaction between two agents: the first is in charge of the two tasks that imply a

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::735410ccf223f8db5fca5fec21b28850
https://halshs.archives-ouvertes.fr/halshs-02398654