Contracts without memory in multiperiod agency models
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Publication:1067985
DOI10.1016/0022-0531(85)90095-XzbMath0579.90014MaRDI QIDQ1067985
John C. Fellingham, Yoon S. Suh, D. Paul Newman
Publication date: 1985
Published in: Journal of Economic Theory (Search for Journal in Brave)
moral hazard; domain additivity; memory contract; optimal multiperiod contracts; preference separability; repeated agency game
91B62: Economic growth models
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Short-term contracts and long-term agency relationships, Optimal incentives and asymmetric distribution of information, Preference representation and randomization in principal-agent contracts, Optimal principal agent contracts for a class of incentive schemes: A characterization and the rate of approach to efficiency
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