Underemployment with liquidity-constrained multi-period firms

DOI10.1016/0022-0531(88)90097-XzbMath0641.90016MaRDI QIDQ1100992

John Leach

Publication date: 1988

Published in: Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

risk aversionlimited liabilityunderemployment

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Related Items (2)

What is a liquidity crisis? ⋮ Dynamic labor contracts under asymmetric information

Cites Work

• Optimal employment contracts with bankruptcy constraints
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