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 |
|---|---|
| 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 |
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