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Moral hazard in repeated procurement of services

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Figure

Table A.1. Agents’ expected utilities at contest 2 when γ = 0 (EUI,2 on the left and EUO,2on the right).
Table A.2. Agents’ expected utilities at contest 2 when( sI,2 = 1 for any γ > 0, 0 < ρ ≤ 1EUI,2 on the left and EUO,2 on the right).
Table A.3. Agents’ expected utilities at contest 2 when sI,2 = 1 for γ → ∞, 0 < ρ ≤ 1 (EUI,2on the left and EUO,2 on the right).
Table A.5. Agents’ expected utilities at contest 2 whenthe left and sI,2 = 1 for γ > 0, ρ → 0 (EUI,2 on EUO,2 on the right).
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