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 …

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 …

This document is the online appendix to the paper "Optimal Regulation of Noncompete Contracts'' and is organized into …

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 …

We study behavior within a simple principal-agent experiment. Our design allows for a large class of linear contracts …

contract). We use an incomplete contracts approach to show that the anticipation and observability of such behavior are … conditions for the optimality of incomplete contracts, a simple characterization of the second-best contract, and some …

Labour contracts tend to be more complicated than one simple short or long-term contract which is the basis of previous … studies. Combinations of different length contracts become essential when principals expect to maximize not only verifiable … of multi-period contracts that combine short-, mid-, and long-term contracts. We show that combinations of different …