LIQUIDITY CONSTRAINTS AND INCENTIVE CONTRACTS

DOI10.1017/S1365100599010019zbMath0952.91050OpenAlexW2102526646MaRDI QIDQ4267226

Robert M. Townsend, Andreas Lehnert, Ethan Ligon

Publication date: 22 September 1999

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100599010019

zbMATH Keywords

moral hazardoptimal contractscredit constraints

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Consumer behavior, demand theory (91B42)

Related Items (2)

Repeated moral hazard and recursive Lagrangeans ⋮ Collective organizations versus relative performance contracts: Inequality, risk sharing, and moral hazard

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