other words, agents are interested in their status within a group. In this work I derive the optimal linear contract in a …

paradigm relation, i.e. a management contract. In this analysis we use MacNeil's norms model and we test in relation to twelve … unilateral and bilateral obligations of a standard management contract relation. We examine which norms and to what extent apply …

decisions as well. Hence, contract frames might influence the effectiveness of incentive schemes. This comment first outlines … seminal experimental studies on frames and describes recent work that relates the incentive contract literature with the …) work on individual incentives and contract frames …

distribution function. However, this boundary condition does have sensible economic interpretations and our optimal contract …

of stocks in the benchmark. This paper studies the optimal delegation contract when there is principal-agent friction …. Specifically, it explores the impacts of incorporating the risk of invested portfolio in the contract on optimal strategies of the … principal and the agent, and on equilibrium asset prices. When agency friction is severe, the optimal contract provides rewards …

contracting practices in both countries. Such characteristics of written contracts are understood as sticky. Based on a semi …

study aims to design a long-term effective incentive contract, which stimulates the subjective initiative of each technical … relative importance of tasks is equal to the ratio of marginal cost, a weak incentive zone in the delivery incentive contract …