Principal Agent Problem with Minimum Performance Insurance


  • Borradores de economía


  • A minimum performance insurance in the Principal-Agent problem is wealth reducing to the principal. This result points to further inefficiencies in mandatory individual Pension Funds' contracts, particularly the one established in the 1993's 100th Law in Colombia.

fecha de publicación

  • 2009-01

Líneas de investigación

  • Agency Theory
  • Incentives
  • Pensions


  • 546