Relational Incentive Contracts With Persistent Private Information
نویسندگان
چکیده
منابع مشابه
Relational Incentive Contracts with Private Information
This paper extends Levin’s (2003) relational contract model by having not only the agent’s cost of effort (agent’s type), but also the value of that effort to the principal (principal’s type) subject to i.i.d. shocks. When optimal effort is fully pooled across agent types for multiple principal types, it is also pooled across those principal types. When optimal effort separates some agent types...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2016
ISSN: 0012-9682
DOI: 10.3982/ecta10946