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Testing Contract Theory: A Survey of Some Recent Work

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  • Pierre André Chiappori
  • Bernard Salanié

Abstract

While the theoretical literature on contracts has been enormous since the seventies, empirical tests of the theory have long remained scarce. However, new empirical work has been developed in the last ten years that sheds light on the empirical validation of the theory. This paper aims at surveying the recent empirical work on contracts. The focus throughout is on the need to properly account for unobserved heterogeneity.

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Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 738.

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Date of creation: 2002
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Handle: RePEc:ces:ceswps:_738

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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