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Consumption and Savings with Unemployment Risk : Implications for Optimal Employment Contracts

Pissarides, Christopher A. - 2021

This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation and sometimes give...

Persistent link: https://www.econbiz.de/10013319199

Self-enforcing wage contracts redux

Thomas, Jonathan P.; Worrall, Timothy - In: Journal of institutional and theoretical economics : JITE 179 (2023) 3/4, pp. 441-469

Persistent link: https://www.econbiz.de/10014487008

Scale effects in dynamic contracting

Bromberg-Silverstein, Shirley; Moreno-Bromberg, Santiago; … - In: Mathematics and financial economics 15 (2021) 2, pp. 431-472

Persistent link: https://www.econbiz.de/10012500044

Optimal contracts with a risk-taking agent

Barron, Daniel; Georgiadis, George; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 715-761

optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by … concavity constraint might bind for some outputs but not others. We characterize the unique profit-maximizing contract and show …

Persistent link: https://www.econbiz.de/10012308620

Design of optimal procurement contracts that allow risk-sharing

Brown, Pamela Clark - 1984

Persistent link: https://www.econbiz.de/10001951886

Tournaments with gaps

Imhof, Lorens; Kräkel, Matthias - In: Economics letters 122 (2014) 2, pp. 211-214

Persistent link: https://www.econbiz.de/10010395184

Participation and contract choice in the tenancy market : micro evidence from rural Bangladesh

Ahmed, Sharmina; Findlay, Christopher - 2012

decision and contract choice are simultaneous. A modified Heckman model is estimated which avoids the selectivity bias of …

Persistent link: https://www.econbiz.de/10011524925

Contractual externalities and systemic risk

Ozdenoren, Emre; Yuan, Kathy - In: The review of economic studies 84 (2017) 4, pp. 1789-1817

Persistent link: https://www.econbiz.de/10011920092

At the movies : risk sharing and the economics of exhibition contracts

Filson, Darren; Fabre, Fernando; Nava, Alfredo; … - 2001

that one party is risk neutral while the other is risk averse. This paper describes a real-world contract that is widely … used - the movie exhibition contract - and argues that asymmetric information is not the main feature of the environment …

Persistent link: https://www.econbiz.de/10011565681

Salesforce contracting under uncertain demand and supply : double moral hazard and optimality of smooth contracts

Dai, Tinglong; Jerath, Kinshuk - In: Marketing science 38 (2019) 5, pp. 852-870

Persistent link: https://www.econbiz.de/10012120920