Laffont, Jean-Jacques; Martimort, David - In: Journal of Economics & Management Strategy 6 (1997) 2, pp. 201-234
The firm is often considered as a nexus of contracts linking the management and its different stakeholders: claim-holders, workers, unions, customers, suppliers, and the state, among others. This paper surveys recent work in contract theory, the multiprincipal incentive theory, and the theory of...