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We study the optimal duration of contracts in a principal-agent framework with both moral hazard and adverse selection …. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts …
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We study the optimal duration of contracts in a principal-agent framework with both moral hazard and adverse selection …. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts …
Persistent link: https://www.econbiz.de/10012927192
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This paper analyzes the relationship between ethnic fractionalization, polarization, and conflict. In recent years many authors have found empirical evidence that ethnic fractionalization has a negative effect on growth. One mechanism that can explain this nexus is the effect of ethnic...
Persistent link: https://www.econbiz.de/10014061347
contract modifications but not the hazard rate of a head coach's dismissal. Additionally, analysis of employment duration … employment survival, these studies ignore the impact of contract modifications. Using an accelerated failure time survival model … with hand-collected college head football coach contract data, I find that race/ethnicity affects the hazard rate of …
Persistent link: https://www.econbiz.de/10015326318
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