haku: @author Sjöström, T. / yhteensä: 6
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| Tekijä: | Ghatak, M. Morelli, M. Sjöström, T. |
| Otsikko: | Occupational choice and dynamic incentives |
| Lehti: | Review of Economic Studies
2001 : OCT, VOL. 68:4(237), s. 781-810 |
| Asiasana: | AGENCY THEORY ENTREPRENEURSHIP INCENTIVES OCCUPATIONAL CHOICE OVERLAPPING-GENERATIONS MODELS WORKERS |
| Kieli: | eng |
| Tiivistelmä: | The authors study an overlapping generations version of the principal-agent problem, where incentive contracts are determined in general equilibrium. All individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Imperfections in the credit market give rise to rents in entrepreneurial activities involving capital. |
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