Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
收藏数据链接：
官方服务：
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
