Implicit Contracts with Asymmetric Information and Bankruptcy: The Effect of Interest Rates on Layoffs

DOI10.2307/2297662zbMath0561.90015OpenAlexW2043690256MaRDI QIDQ5187028

Roger E. A. Farmer

Publication date: 1985

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

Full work available at URL: https://semanticscholar.org/paper/d453bb3fc8b56f5296c1300a9de9e540c71ac170

zbMATH Keywords

asymmetric informationtheory of the firmlimited liabilityimplicit contracts

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Related Items (4)

Labor contracts and the role of monetary policy in an overlapping generations model ⋮ What is a liquidity crisis? ⋮ Lending cycles ⋮ Optimal employment contracts with bankruptcy constraints

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