Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
收藏NBER2008-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14480
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资源简介：
This paper studies the incentive issues associated with self-enforcing stochastic monitoring in a model of investment and production. The efficient contract features a debt-like payment with a threshold in terms of the reported output in which all of the reported output is taken up to the threshold
提供机构：
美国国家经济研究局
创建时间：
2008-11-01
