| Abstract: |
Doping seems to be well-organized and inherent in the system of professional
cycling. This paper provides a theoretical approach, by using a multi-task
(training and doping) principal-agent (team manager and cyclist) model, to
illustrate the information asymmetry and conflicting objectives between both
actors. Three settings are used to represent different situations in which the
fight against doping takes place with varying intensity. The comparison of the
equilibria in eachsetting reveals the influence of the fight against doping on
the team members’ behaviour. The analysis shows that team managers are
interested in doping, and that current anti-doping institutions cannot
suppress the abuse of forbidden drugs. |