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However, we find that optimal contracts must in general make use of derivatives for compensation.<\/jats:p>","DOI":"10.1137\/14100066x","type":"journal-article","created":{"date-parts":[[2016,7,7]],"date-time":"2016-07-07T15:09:20Z","timestamp":1467904160000},"page":"477-507","source":"Crossref","is-referenced-by-count":2,"title":["Conditional Analysis and a Principal-Agent Problem"],"prefix":"10.1137","volume":"7","author":[{"given":"Julio","family":"Backhoff","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Ulrich","family":"Horst","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"351","published-online":{"date-parts":[[2016,7,7]]},"reference":[{"key":"atypb1","doi-asserted-by":"publisher","DOI":"10.1007\/s00780-005-0152-0"},{"key":"atypb2","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9965.2007.00311.x"},{"key":"atypb3","first-page":"78","author":"Biais B.","year":"2010","journal-title":"Econometrica"},{"key":"atypb4","doi-asserted-by":"publisher","DOI":"10.1137\/S0036144596302644"},{"key":"atypb5","first-page":"29","volume":"1960","author":"Borch K.","year":"1960","journal-title":"Skand. 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