OPTIMAL CONTRACTS OF THE MAIN-AGENT MODEL IN CONDITIONS OF SYMMETRIC INFORMATION

This paper draws up an approach over the Main Agent model, in conditions of information symmetry. At the beginning, the Main Agent model is emphasized in a general way, mentioning the main contributions brought in time on its development, its characteristics and the basic principles. Then, the hypothesis of the general model isillustrated, drawing a conclusion as regards the model’s situations: Main neutral and Agent with risk aversion, Agent neutral and Main with risk aversion, and both partners having risk aversion.