Schmidt, Klaus M.
ORCID: https://orcid.org/0000-0002-5011-0828 und Schnitzer, Monika
(1995):
The interaction of explicit and implicit contracts.
In: Economics Letters, Vol. 48, No. 2: pp. 193-199
Abstract
We analyze explicit and implicit contracts in a repeated principal-agent model with observable but only partially contractable actions of the agent. It is shown that the set of implementable actions may increase or decrease if additional actions become contractable.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > Seminar for Economic Theory Economics > Chairs > Seminar for Comparative Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
Item ID: | 19763 |
Date Deposited: | 15. Apr 2014 08:53 |
Last Modified: | 29. Apr 2016 09:17 |