Bounded Rationality in Principal-Agent Relationships
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DOI: 10.1111/geer.12111
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- Mathias Erlei & Heike Schenk-Mathes, 2017. "Bounded Rationality in Principal-Agent Relationships," German Economic Review, Verein für Socialpolitik, vol. 18(4), pages 411-443, November.
- Mathias Erlei & Heike Schenk-Mathes, 2012. "Bounded Rationality in Principal‐Agent Relationships," TUC Working Papers in Economics 0006, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
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More about this item
Keywords
Experiment; logit agent quantal response equilibrium; moral hazard; hidden action;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
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