Agency Business Cycles
收藏NBER2015-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21743
下载链接
链接失效反馈官方服务：
资源简介：
We propose a new business cycle theory. Firms need to randomize over firing or keeping workers who have performed poorly in the past, in order to give them an ex-ante incentive to exert effort. Firms have an incentive to coordinate the outcome of their randomizations, as coordination allows them to
提供机构：
美国国家经济研究局
创建时间：
2015-11-01
