Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072121 | Games and Economic Behavior | 2012 | 9 Pages |
Abstract
This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts that exhibit memory.
Related Topics
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Economics and Econometrics
Authors
Petra Nieken, Patrick W. Schmitz,