Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001828786
Persistent link: https://www.econbiz.de/10001970294
Persistent link: https://www.econbiz.de/10001970313
A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
Persistent link: https://www.econbiz.de/10011539692