| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062537 | Economics Letters | 2006 | 7 Pages |
Abstract
Two agents sequentially contracts with different principals under moral hazard. If agents care for one another, the second principal gains by insuring them over first wages. Even with independent tasks, the first principal must offer riskier payments to induce effort.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Cécile Aubert,