Contract Renegotiation in Agency Problems
收藏NBER1997-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6086
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资源简介：
This paper studies the ability of an agent and a principal to achieve the first-best outcome when the agent invests in an asset that has greater value if owned by the principal than by the agent. When contracts can be renegotiated, a well-known danger is that the principal can hold up the agent,
提供机构：
美国国家经济研究局创建时间：
1997-07-01
