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Subjective Performance Evaluations, Self-esteem, and Ego-threats in Principal-agent Relations
Sebald, Alexander; Walzl, Markus - Økonomisk Institut, Københavns Universitet - 2010
accommodates this finding. We analyze the agents’ (optimal) behavior, optimal contracts, and social welfare in this environment. …
Persistent link: https://www.econbiz.de/10008462064
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How do informal agreements and renegotiation shape contractual reference points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10010282296
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How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)’s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10009371874
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Let's talk: How communication affects contract design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - Departament d'Economia i Història Econòmica, … - 2012
inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost … shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent … and lead to higher earnings for both buyer and seller. By contrast, in the presence of communication, flexible contracts …
Persistent link: https://www.econbiz.de/10010554806
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Let's Talk: How Communication Affects Contract Design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost … shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent … and lead to higher earnings for both buyer and seller. By contrast, in the presence of communication, flexible contracts …
Persistent link: https://www.econbiz.de/10010851445
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Entitlements and obligations
Schlicht, Ekkehart - 2016
true for nonenforceable contracts. The relationship of entitlements and obligations to norms is also discussed. …
Persistent link: https://www.econbiz.de/10011568557
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Institutions and contract enforcement
Falk, Armin; Huffman, David; MacLeod, W. Bentley - 2008
enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a …
Persistent link: https://www.econbiz.de/10010264349
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Institutions and Contract Enforcement
Falk, Armin; Huffman, David; MacLeod, W. Bentley - CESifo - 2008
enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a …
Persistent link: https://www.econbiz.de/10005181354
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Contracting over commitment vs. flexibility under asymmetric information
Galperti, Simone - 2011
. flexibility. The first-best contracts under complete information allow to successfully commit to the optimal level of flexibility …
Persistent link: https://www.econbiz.de/10010282919
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Bait contracts
Vierø, Marie-Louise - 2009
The granting of stock options to employees who have negligible impact on company performance intuitively violates Holmstrom's (1979) sufficient statistic result. This paper revisits the sufficient statistic question of when to condition a contract on an outside signal in a principal-agent model...
Persistent link: https://www.econbiz.de/10010290354