Anderhub, Vital; Gächter, Simon; Königstein, Manfred - Sonderforschungsbereich 373, Quantifikation und … - 1999
Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This paper contributes to a better understanding of behavior in agency situations. In particular, we provide experimental evidence on offered contracts and effort choices in a simple...