Browsing Discussion papers (FOR) by Subject "team incentive scheme"
Now showing items 1-1 of 1
-
Teams in Relational Contracts
(Discussion paper;23/16, Working paper, 2016-12-16)We analyze relational contracting between a principal and a team of agents where only aggregate output is observable. We deduce optimal team incentive contracts under di¤erent set of assumptions, and show that the principal ...