Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "C73"
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A Repeated Principal-Agent Model with On-the-Job Search
(2014-08-01)This paper analyzes how on-the-job search (OJS) by an agent impacts the moral hazard problem in a repeated principal-agent relationship. OJS is found to constitute a source of agency costs because efficient search incentives ... -
The Forward-looking Disclosures of Corporate Managers: Theory and Evidence
(2016-07-15)We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making ...