Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract theory and practice.

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Year of publication:	2023
Authors:	MacLeod, W. Bentley ; Malcomson, James
Publisher:	Bonn : Institute of Labor Economics (IZA)
Subject:	relational contracts \| informal enforcement \| legal enforcement \| incentives \| private information

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Series:	IZA Discussion Papers ; 15881
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1832873595 [GVK] hdl:10419/272508 [Handle] RePEc:iza:izadps:dp15881 [RePEc]
Classification:	D21 - Firm Behavior ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; L23 - Organization of Production ; L24 - Contracting Out; Joint Ventures
Source:	EconStor

Persistent link: https://www.econbiz.de/10014296625