Schöndube, Jens Robert - In: Business research : BuR ; official open access journal … 1 (2008) 2, pp. 165-186
In this paper we analyze a dynamic agency problem where contracting parties do not know the agent's future productivity at the beginning of the relationship. We consider a two-period model where both the agent and the principal observe the agent's second-period productivity at the end of the...
