Optimal Labour Contracts when Workers have a Variety of Privately Observed Reservation Wages

DOI10.2307/2297469zbMath0547.90007OpenAlexW2061065834MaRDI QIDQ3339612

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Publication date: 1985

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297469

zbMATH Keywords

labor marketasymmetric informationmicroeconomicsunderemploymentstochastic contractsoptimal labour contractsoveremploymentsecond-best contract

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Related Items (5)

Discretionary acquisition of firm-specific human capital under non-verifiable performance ⋮ A note on long-term contracts ⋮ Investments as signals of outside options ⋮ Designing multi-period supply contracts in a two-echelon supply chain with asymmetric information ⋮ Countervailing incentives in agency problems

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