Auflistung LIF-SAFE Working Papers nach Schlagwort "moral hazard"

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    • 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 ...

    • 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 ...