Browsing Publikasjoner fra CRIStin (NHH) by Author "Kvaløy, Ola"
Now showing items 1-2 of 2
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Endogenous Verifiability and Relational Contracting
Kvaløy, Ola; Olsen, Trond E. (Journal article, 2009)Principal-agent models usually invoke the strong assumption that the parties know for sure ex ante whether a variable is verifiable or not. This paper assumes that only the probability of verification is known, and that ... -
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, ...