Repeated moral hazard and contracts with memory: A laboratory experiment

B-Tier
Journal: Games and Economic Behavior
Year: 2012
Volume: 75
Issue: 2
Pages: 1000-1008

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts that exhibit memory.

Technical Details

RePEc Handle
repec:eee:gamebe:v:75:y:2012:i:2:p:1000-1008
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26