Fehr, Ernst; Brown, Martin; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
, E24, C9
Keywords: reputation, reciprocity, relational contracts, price rigidity, wage rigidity
Corresponding … frequency
of trading between principals and agents in markets with moral hazard.
2.1. Reputation in Relational Contracts … the ICF occurred in relationships that lasted 4 or more periods.
2.2. Public Reputation in Relational Contracts
The …