Kathy Yuan

Professor of Finance, Department of Finance, LSE

Tel: +44 (0)20 7955 6407


Discussion Papers
Sep 2015
DP 46
Emre Ozdenoren and Kathy Yuan
We study effort and risk-taking behaviour in an economy with a continuum of principal-agent pairs where each agent exerts costly hidden effort. When the industry productivity is uncertain, agents have motivations to match the industry average effort...