{"title":"合同激励和职业关注","authors":"P. Christensen, Hans Frimor, Florin Şabac","doi":"10.2139/ssrn.2482579","DOIUrl":null,"url":null,"abstract":"In a multi-period model of optimal contracting and career concerns, we show long-term contracting with renegotiation dominates short-term contracting if there is non-contractible information. If the non-contractible information is not effectively contractible through renegotiation of long-term contracts, the labor market may play an important role in providing incentives in a world of multiple information sources and several tasks.","PeriodicalId":416245,"journal":{"name":"Research Papers (Concurrent Session Only)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Contractual Incentives and Career Concerns\",\"authors\":\"P. Christensen, Hans Frimor, Florin Şabac\",\"doi\":\"10.2139/ssrn.2482579\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In a multi-period model of optimal contracting and career concerns, we show long-term contracting with renegotiation dominates short-term contracting if there is non-contractible information. If the non-contractible information is not effectively contractible through renegotiation of long-term contracts, the labor market may play an important role in providing incentives in a world of multiple information sources and several tasks.\",\"PeriodicalId\":416245,\"journal\":{\"name\":\"Research Papers (Concurrent Session Only)\",\"volume\":\"51 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2014-08-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research Papers (Concurrent Session Only)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2482579\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research Papers (Concurrent Session Only)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2482579","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
In a multi-period model of optimal contracting and career concerns, we show long-term contracting with renegotiation dominates short-term contracting if there is non-contractible information. If the non-contractible information is not effectively contractible through renegotiation of long-term contracts, the labor market may play an important role in providing incentives in a world of multiple information sources and several tasks.