Kragl, Jenny; Schmid, Julia - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
contribution to firm value. Both agents exhibit disadvantageous inequity aversion. In contrast to the literature, we find that … inequity aversion may be beneficial: In the presence of envy, for a certain range of interest rates relational contracts may be …
SFB 649 Discussion Paper 2006-085
Relational Contracts and
Inequity Aversion
Jenny Kragl …