No cure, be paid: Super-contingent fee contracts

L. Schoonbeek; P. Kooreman

doi:10.1080/13504850500142544

No cure, be paid: Super-contingent fee contracts

L. Schoonbeek, P. Kooreman

Economics, Econometrics and Finance

Onderzoeksoutput: Article › Academic › peer review

1 Citaat (Scopus)

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A general principal-agent problem with two possible outputs, high or low is considered. The agent's utility function is additively separable in wealth and effort. It is shown that under the optimal contract, the agent should pay a penalty fee to the principal if the low output occurs.

Originele taal-2	English
Pagina's (van-tot)	549-551
Aantal pagina's	3
Tijdschrift	Applied Economics Letters
Volume	12
Nummer van het tijdschrift	9
DOI's	https://doi.org/10.1080/13504850500142544
Status	Published - 15-jul.-2005

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No cure, be paid: Super-contingent fee contracts

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