Ingela, Alger; Albert, Ma Ching-to; Regis, Renault - In: The B.E. Journal of Economic Analysis & Policy 12 (2012) 1, pp. 1-35
A principal needs a worker for the production of a good. The worker can be hired as an internal agent, or an external agent under a contract. These two organizational modes correspond to in-house production and outsourcing, respectively. In each case, the agent earns experience benefits: future...