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The curse of long horizons

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Publication:2425142
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DOI10.1016/J.JMATECO.2019.01.009zbMath1417.91310OpenAlexW3123886725MaRDI QIDQ2425142

Yanyan Li

Publication date: 26 June 2019

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2019.01.009


zbMATH Keywords

moral hazarddifferences in beliefshigh-powered incentivesprincipal-agency


Mathematics Subject Classification ID


Related Items (2)

Learning, belief manipulation and optimal relationship termination ⋮ The ratchet effect: a learning perspective




Cites Work

  • Unnamed Item
  • Persistent Private Information
  • Planning under Incomplete Information and the Ratchet Effect
  • Learning, Termination, and Payout Policy in Dynamic Incentive Contracts
  • The Dynamics of Incentive Contracts
  • Merging of Opinions with Increasing Information
  • Managerial Incentive Problems: A Dynamic Perspective
  • Dynamic contracts when the agent's quality is unknown
  • Two-Sided Learning and the Ratchet Principle
  • Relational Incentive Contracts With Persistent Private Information
  • Dynamic contracting with limited commitment and the ratchet effect




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