Incomplete Contingent Labor Contract, Asymmetric Residual Rights and Authority, and the Theory of the Firm
作者： Xiaokai Yang
关键词:
摘要: In the paper trade-offs among endogenous transaction costs caused by two-sided moral hazard, exogenous monitoring cost, and economies of specialization are specified in a Grossman, Hart Moore (GHM) model to absorb Maskin Tirole's recent critique Holmstrom Milgrom's criticism incomplete contract. The extended GHM allowing contingent labor contract as well complete trade goods is used explore implications structure ownership residual rights for equilibrium network size division productivity.
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sci-hub.st 参考文章(31)
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