Limited Liability Contracts between Principal and Agent
Citations
4,286 citations
3,795 citations
2,906 citations
2,454 citations
1,559 citations
References
7,964 citations
"Limited Liability Contracts between..." refers background in this paper
...The qualitative properties of the zero- ’ A number of authors, including Holmstrom [ 131 and Lewis [ 151, have noted that liability limitations may be important to consider in this context....
[...]
...To begin with, the fact that the principal must design an incentive scheme for the agent in the absence of complete information about either the true state of nature or the agent’s actions distinguishes (PA) as a “principal-agent” problem as developed by Ross [18, 191, Harris and Raviv [lo, 111, Holmstrom [13], Shave11 [23], and Grossman and Hart [9]....
[...]
...(See, for example, the works of Ross [18, 191, Harris and Raviv [l I], Holmstrom [13], Hurwicz and Shapiro 1141, and Shave11 [23].)...
[...]
...(See, for example, the works of Ross [18, 191, Harris and Raviv [l I], Holmstrom [13], Hurwicz and Shapiro 1141, and Shave11 [23]....
[...]
4,157 citations
3,933 citations
2,743 citations
2,433 citations