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  • 标题:Optimal Labor Contracts with Asymmetric Information and More than Two Types of Agent
  • 本地全文:下载
  • 作者:Marinescu, Daniela Elena ; Marin, Dumitru
  • 期刊名称:Theoretical and Applied Economics
  • 印刷版ISSN:1841-8678
  • 电子版ISSN:1844-0029
  • 出版年度:2012
  • 卷号:XVIII(2012)
  • 期号:5(570)
  • 页码:5-18
  • 出版社:Asociatia Generala a Economistilor din Romania - AGER
  • 摘要:In the paper we discuss the optimal labor agreements between workers and firms in the situation of asymmetric information. Using a standard adverse selection model, we analyze the optimality of the labor contracts when it is the firm which has private information affecting the results of the contractual relationship. We propose an alternative procedure to solve the optimization problem, using the informational rents as variables. In the last part of the paper we derive and comment the features of the optimal labor contracts in asymmetric information.
  • 关键词:optimal labor contract; incentives; adverse selection.
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