Relational incentive contracts with persistent private information
This paper investigates relational incentive contracts with continuous, privately-observed agent types that are persistent over time. With fixed agent types, full separation is not possible when continuation equilibrium payoffs following revelation are on the Pareto frontier of attainable payoffs. T...
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| Materyal Türü: | Journal article |
| Baskı/Yayın Bilgisi: |
Wiley
2015
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Relational incentive contracts with persistent private information
Baskı/Yayın Bilgisi 2012
Working paper