Yeltekin, Sevin; Sleet, Christopher - In: Economic Theory 18 (2001) 1, pp. 207-235
separations as well as on-the-job effort variations into a dynamic model of moral hazard. We consider two different "commitment … to study the implications of optimal contracts for incentives, employment histories, layoffs and separations across full …, endogenously determining the set of states in which separations occur and the domain of the firm's value function, as well as the …