We solve a long-term contracting problem with symmetric uncertainty about the agent’s quality, and a hidden action of the agent. As information about quality accumulates, incentives become easier to provide because the agent has less room to manipulate the principal’s beliefs. This result is op-posite to that in the literature on "career concerns " in which incentives via short-term contracts get harder to provide as the agent’s quality is revealed over time
Spot contracting generally involves efficiency losses relative to long-term contracting. It is prove...
We study a continuous-time principal-agent model in which the principal is ambiguity averse about th...
This paper examines the choice of contract length for workers who possess unique skills. Uncertainty...
We solve a long-term contracting problem with symmetric uncertainty about the agent’s quality and a ...
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing ...
Abstract. This paper examines a principal-agent problem in continuous time with ambiguous informatio...
We introduce uncertainty into the Holmstrom and Milgrom (1987) model to study optimal long-term cont...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study optimal incentive contracts when commitments are limited, and agents have multiple tasks an...
I study a continuous time principal-agent model in which an unknown parameter and the agent's hidden...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study dynamic moral hazard, with symmetric ex ante uncertainty and learning. Unlike Holmstroms ca...
This paper studies a model of long-term contracting for experimentation. We consider a principal-age...
Spot contracting generally involves efficiency losses relative to long-term contracting. It is prove...
We study a continuous-time principal-agent model in which the principal is ambiguity averse about th...
This paper examines the choice of contract length for workers who possess unique skills. Uncertainty...
We solve a long-term contracting problem with symmetric uncertainty about the agent’s quality and a ...
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing ...
Abstract. This paper examines a principal-agent problem in continuous time with ambiguous informatio...
We introduce uncertainty into the Holmstrom and Milgrom (1987) model to study optimal long-term cont...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study optimal incentive contracts when commitments are limited, and agents have multiple tasks an...
I study a continuous time principal-agent model in which an unknown parameter and the agent's hidden...
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the ...
We study dynamic moral hazard, with symmetric ex ante uncertainty and learning. Unlike Holmstroms ca...
This paper studies a model of long-term contracting for experimentation. We consider a principal-age...
Spot contracting generally involves efficiency losses relative to long-term contracting. It is prove...
We study a continuous-time principal-agent model in which the principal is ambiguity averse about th...
This paper examines the choice of contract length for workers who possess unique skills. Uncertainty...