Long-Term Contracts and Moral Hazard
This article extends the economic theory of agency to a simple class of multiperiod situations. In this context we study the role of long-term contracts in controlling moral haz...
This article extends the economic theory of agency to a simple class of multiperiod situations. In this context we study the role of long-term contracts in controlling moral haz...
h-index: Number of publications with at least h citations each.