Impatience versus incentives

DOI10.3982/ECTA11473MaRDI QIDQ4614299zbMATH OpenFDO

Authors Marcus M. Opp, John Y. Zhu

Publication date 30 January 2019

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ECTA11473

zbMATH Keywords

differential discountingdynamic contractsendogenous cyclesprincipal-agent modelsrelational contractsrepeated games

Mathematics Subject Classification ID

Multistage and repeated games (91A20)

Recommendations

• Repeated principal-agent relationships with lending and borrowing
• The Multiperiod Principal-Agent Problem
• The interaction of implicit and explicit contracts in repeated agency
• Short-term contracts and long-term agency relationships
• Myopic agency

Cited in

(7)

• The interaction of implicit and explicit contracts in repeated agency
• The compound interest in relaxing punctuality
• Risk sharing contracts with private information and one-sided commitment
• Relational contracts, limited liability, and employment dynamics
• Time to market and impatient customers
• Contracting for dynamic efficiency
• Impatience and equilibrium indeterminacy

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