Contractual Externalities and Systemic Risk
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Publication:4610857
DOI10.1093/restud/rdw058zbMath1405.91356MaRDI QIDQ4610857
Publication date: 23 January 2019
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: http://eprints.lse.ac.uk/75998/
contractual externalities; many principal-agent pairs; pro-cyclical effort exertion and risk-taking; relative and absolute performance contracts