AbstractThe model is proposed by incorporating incomplete capital markets into the conventional implicit labor contract model. The optimal contracts and the effects of firm's financial decisions on it's employment level are derived by maximum principle
This paper investigates tbe c1aim, often put forth by Real Business Cycle proponents (e.g Prescott (...
When creditors do not honor human capital as collateral, firms can mediate financially by offering w...
The models within the theory of contracts can be divided into several sub-categories taking into con...
AbstractThe model is proposed by incorporating incomplete capital markets into the conventional impl...
This dissertation presents an attempt to integrate state-contingent labor and loan contracts in expl...
Using an artiele by Garvey and Swan (GS) 1992 as a benchmark, we extend their model to deal with th...
This paper examines the macroeconomic properties of imperfectly competitive economies by modeling th...
An optimal contract design problem is considered. Contracts which are incomplete and simple are used...
A simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the ...
This paper presents a novel interpretation of the fact that high nominal interest rates accompany lo...
We present a tractable, static, general equilibrium model with multiple sectors in which firms offer...
This paper considers a problem in which an agent is hired to manage a capital investment and subsequ...
This paper studies optimal managerial contracts applying both complete and incomplete contracting ap...
Profit-maximizing owners of firms may find it optimal to provide managers with incentives to maximiz...
This paper develops a model in which a firm writes labour contracts with workers and debt contracts ...
This paper investigates tbe c1aim, often put forth by Real Business Cycle proponents (e.g Prescott (...
When creditors do not honor human capital as collateral, firms can mediate financially by offering w...
The models within the theory of contracts can be divided into several sub-categories taking into con...
AbstractThe model is proposed by incorporating incomplete capital markets into the conventional impl...
This dissertation presents an attempt to integrate state-contingent labor and loan contracts in expl...
Using an artiele by Garvey and Swan (GS) 1992 as a benchmark, we extend their model to deal with th...
This paper examines the macroeconomic properties of imperfectly competitive economies by modeling th...
An optimal contract design problem is considered. Contracts which are incomplete and simple are used...
A simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the ...
This paper presents a novel interpretation of the fact that high nominal interest rates accompany lo...
We present a tractable, static, general equilibrium model with multiple sectors in which firms offer...
This paper considers a problem in which an agent is hired to manage a capital investment and subsequ...
This paper studies optimal managerial contracts applying both complete and incomplete contracting ap...
Profit-maximizing owners of firms may find it optimal to provide managers with incentives to maximiz...
This paper develops a model in which a firm writes labour contracts with workers and debt contracts ...
This paper investigates tbe c1aim, often put forth by Real Business Cycle proponents (e.g Prescott (...
When creditors do not honor human capital as collateral, firms can mediate financially by offering w...
The models within the theory of contracts can be divided into several sub-categories taking into con...
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