Browsing Closed by Author "Yoder, Jonathan"

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Browsing Closed by Author "Yoder, Jonathan"

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  • Yoder, Jonathan; Hossain, Ishrat; Epplin, Francis; Doye, Damona (Elsevier B.V., 2008)
    Short-term contracts provide weak incentives for durable input investment if post-contract asset transfer is difficult. Our model shows that when both agents provide inputs, optimal contract length balances the weak ...