Browsing Discussion papers (FOR) by Author "Chi, Chang Koo"
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Relational Incentive Contracts and Performance Measurement
Chi, Chang Koo; Olsen, Trond E. (Discussion paper;6/18, Working paper, 2018-04-30)This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...