LIBROS DEL AUTOR: wendelin schnedler

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  • The Value of Signals in Hidden Action Models
    Wendelin Schnedler
    Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of goods and services. However, the proper functioning of markets rests on certain assumptions. For instance, the good or ser­ vice which is to be traded must be clearly defined. This elementary requirement...
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