SFB 303 Discussion Paper No. A-452
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Author: Schnitzer, Monika
Title: The Interaction of Explicit and Implicit Contracts
Abstract: We analyze explicit and implicit contracts in
a repeated principal-agent model with observable but only partially contractible
actions of the agent. It is shown that the set of implementable actions
may increase or decrease if additional actions become contractible.
Keywords: Implicit contracts, repeated games.
JEL-Classification-Number: L14, C72, J33.
Creation-Date: First version: July 1994
URL:
../1994/a/bonnsfa452.pdf
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