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Caps on political contributions, monetary penalties and politician preferences

Pastine, Ivan; Pastine, Tuvana - 2009

With politician preferences over policy outcomes, the effect of a contribution cap with monetary penalties for exceeding the cap is starkly different from the case with an indifferent politician. In contrast to Kaplan and Wettstein (AER, 2006) and Gale and Che (AER, 2006), a cap is never neutral...

Persistent link: https://www.econbiz.de/10009725000

Subjective bonuses and target setting in budget-based incentive contracts

Aranda, Carmen; Arellano, Javier; Davila, Antonio - In: Management accounting research 43 (2019), pp. 45-60

Persistent link: https://www.econbiz.de/10012101940

Essays in finance and public economics

Dodonova, Anna R. - 2002

Persistent link: https://www.econbiz.de/10003776083

Moral hazard and unenforcable implicit contracts

Ellis, Christopher J. - 1983

Persistent link: https://www.econbiz.de/10002112866

Insurance within the firm

Guiso, Luigi; Pistaferri, Luigi; Schivardi, Fabiano - In: Journal of political economy 113 (2005) 5, pp. 1054-1087

Persistent link: https://www.econbiz.de/10003279960

Implicit vs. explicit incentives : theory and a case study

Demougin, Dominique; Fabel, Oliver; Thomann, Christian - 2009

We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...