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The effect of random shocks on reciprocal behavior in dynamic principal-agent settings
Previous work has shown that unobservable random shocks on output have a detrimental effect on efficiency in short-term (‘static’) employment relationships. Given the prevalence of long-term (‘dynamic’) relationships in firms, we investigate whether the impact of shocks is similarly pronounced in gi...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer US
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10129933/ https://www.ncbi.nlm.nih.gov/pubmed/37124082 http://dx.doi.org/10.1007/s10683-022-09771-w |