Common shocks and relative compensation (Q665735)

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scientific article; zbMATH DE number 6012311
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English
Common shocks and relative compensation
scientific article; zbMATH DE number 6012311

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    Common shocks and relative compensation (English)
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    6 March 2012
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    optimal contracts
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    reward increasing (decreasing) in other agents' outcomes
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    likelihood ratio and common shock
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    effect of common shock on marginal product of effort
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