Hart, Robert A.; Ma, Yue - In: Journal of Economics and Statistics (Jahrbuecher fuer … 228 (2008) 5+6, pp. 446-464
We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions aremade among (a) an investment period, (b) a period in which the partiesmay separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...