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Implicit contracts, incentive compatibility, and involuntary unemployment

MacLeod, W. Bentley - 1984

Persistent link: https://www.econbiz.de/10000334213

The multiperiod principal agent problem

Malcomson, James M.; Spinnewyn, Frans - 1985

Persistent link: https://www.econbiz.de/10000688779

Optimal replacement policy and approximate replacement rules

Malcomson, James M. - 1980

Persistent link: https://www.econbiz.de/10000544846

Motivation and markets

MacLeod, William Bentley; Malcomson, James M. - 1997

Persistent link: https://www.econbiz.de/10000664060

Matching frictions, efficiency wages, and unemployment in the USA and the UK

Malcomson, James M. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003473528

Do managers with limited liability take more risky decisions? : an information acquisition model

Malcomson, James M. - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability makes it optimal to increase the reward for outcomes...