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Persistent link: https://www.econbiz.de/10005159833
We analyze a tractable class of multitask principal-agent problems, such as the one faced by a firm with a manager overseeing several projects. We allow for tasks to be complements or substitutes. We avoid the problems associated with the first-order approach by directly characterizing the shape...
Persistent link: https://www.econbiz.de/10005159847