Wealth and the principal–agent matching

نویسندگان

چکیده

I study the role agent's wealth plays in principal–agent matching with moral hazard and limited liability. consider talent as type size firm's (principal's) type. Wealthier agents match bigger firms, when is homogeneous among them, whereas for equally wealthy agents, more talented will firms. describe economic conditions over types such that pairs of higher write contracts which agent gets than liability rents. Finally, on assortative to hold.

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ژورنال

عنوان ژورنال: Managerial and Decision Economics

سال: 2021

ISSN: ['0143-6570', '1099-1468']

DOI: https://doi.org/10.1002/mde.3402