Resource title

Limited Liability and the Trade-off between Risk and Incentives

Resource image

image for OpenScout resource :: Limited Liability and the Trade-off between Risk and Incentives

Resource description

Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained.

Resource author

Matthias Kräkel

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22978

Resource license

Adapt according to the presented license agreement and reference the original author.