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The Costs and Benefits of Long-Term CEO Contracts
Groen-Xu, Moqi - 2013
contracts offer protection against dismissals: turnover probability increases by 12% each year closer to expiration. This should … contracts make it harder to dismiss managers, they also impose less discipline. Consistent with this argument, CEOs with a …
Persistent link: https://www.econbiz.de/10013091754
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Contracting and Search with Heterogeneous Principals and Agents
Starmans, Jan - 2020
This paper incorporates a risk-neutral principal-agent model with contractual constraints into a random search model to … study the interaction between contracting and search in partial and general equilibrium. I introduce heterogeneity in … equilibrium in this context. Principals tailor contracts to agents' production technologies to incentivize agents' effort …
Persistent link: https://www.econbiz.de/10012853495
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Moral Hazard and Unemployment in Competitive Equilibrium
Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...
Persistent link: https://www.econbiz.de/10014635663
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Online Appendix to 'Optimal Regulation of Noncompete Contracts' (Not for Publication)
Shi, Liyan - 2022
This document is the online appendix to the paper "Optimal Regulation of Noncompete Contracts'' and is organized into …
Persistent link: https://www.econbiz.de/10014264336
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Contracting and search with heterogeneous principals and agents
Starmans, Jan - In: Journal of economic theory : JET 217 (2024), pp. 1-28
Persistent link: https://www.econbiz.de/10015067218
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The importance of institutional and organizational characteristics for the use of fixed-term and agency work contracts in Russia
Smirnych, L. I.; Wörgötter, Andreas - 2016
Non-renewable fixed-term and agency work contracts are becoming more used instead of the traditional Russian model of … forms of non-standard work contracts in Russia with data from a Survey covering 3313 enterprises for the years 2009 to 2011 …. Probit and Tobit regressions are used to test several hypotheses about the use of non-standard work contracts derived from …
Persistent link: https://www.econbiz.de/10011557226
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Indenture as a self-enforced contract device : an experimental test
Kritikos, Alexander (contributor);  … - 2009
games increases over time. -- Cooperation ; experiment ; contracts ; indenture ; reciprocity …
Persistent link: https://www.econbiz.de/10003793109
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Subjective evaluation and information-efficiency in organizations
Mitusch, Kay - 2001
Subjective performance evaluation is modeled as auditing without commitment. A superior, who has to decide whether an where to audit the work done by a subordinate, takes into account all interim information he has obtained in the meantime. This invites workers to cover up and withhold...
Persistent link: https://www.econbiz.de/10009492273
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Subjective performance evaluations and reciprocity in principal-agent relations
Sebald, Alexander; Walzl, Markus - 2012
) if this does not affect their payoffs. -- contracts ; subjective performance evaluations ; reciprocity …
Persistent link: https://www.econbiz.de/10009742627
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Communicating subjective evaluations
Lang, Matthias - 2014
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010361447