Blar i Articles (FOR) på forfatter "Olsen, Trond Egil"
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Relational Contracts, Multiple Agents, and Correlated Outputs
Kvaløy, Ola; Olsen, Trond Egil (Journal article; Peer reviewed, 2019)We analyze relational contracts between a principal and a set of risk-neutral agents whose outputs are correlated. When only the agents’ aggregate output can be observed, a team incentive scheme is shown to be optimal, ...