A model of long-term contracts

Long-term contracts are explained as equilibrium strategies of supergames. In the specific coherent general equilibrium model provided, limited mobility of labor, in the form of a fixed cost of moving, generates long-term contracts.

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Year of publication:	1980
Authors:	Bryant, John
Institutions:	Federal Reserve Bank of Minneapolis

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Extent:	application/pdf
Series:	Staff Report.
Type of publication:	Book / Working Paper
Notes:	Number 47
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005498516