Contracts with Interdependent Preferences
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A principal contracts with multiple agents, as in Lazear and Rosen (1981) and Green and Stokey (1983). The setup is classical except for the assumption that agents have interdependent preferences. We characterize cost effective contracts, and relate the direction of co-movement in rewards joint
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美国国家经济研究局创建时间：
2024-04-01
