Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "D86"

Anzeige der Dokumente 1-3 von 3

    • A Repeated Principal-Agent Model with On-the-Job Search 

      Herbold, Daniel (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 ...

    • Coinvestment and risk taking in private equity funds 

      Bienz, Carsten; Thorburn, Karin; Walz, Uwe (2016-01-01)
      Private equity fund managers are typically required to invest their own money alongside the fund. We examine how this coinvestment affects the acquisition strategy of leveraged buyout funds. In a simple model, where the ...

    • Only Time will Tell: A Theory of Deferred Compensation 

      Hoffmann, Florian; Inderst, Roman; Opp, Marcus M. (2018-08-09)
      This paper provides a complete characterization of optimal contracts in principal-agent settings where the agent's action has persistent effects. We model general information environments via the stochastic process of the ...