Teams with moral hazard and non-verifiable quality assessment uri icon

abstract

  • This paper shows that buying from a team of sellers can be optimal for the buyer in a static model where the buyer has private information about quality, sellers have private information about the cost and choice of effort, and quality is not contractible. (C) 2015 The Author. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).

publication date

  • 2015
  • 2015