Moral hazard and limited liability: The real effects of contract bargaining

Citations

Cited by:

1. Schmitz, Patrick W., 2019. "Incomplete contracts, limited liability, and the optimality of joint ownership," Economics Letters, Elsevier, vol. 183(C), pages 1-1.
   • Schmitz, Patrick W., 2019. "Incomplete Contracts, Limited Liability, and the Optimality of Joint Ownership," MPRA Paper 95637, University Library of Munich, Germany.
   • Schmitz, Patrick W., 2019. "Incomplete Contracts, Limited Liability, and the Optimality of Joint Ownership," CEPR Discussion Papers 13881, C.E.P.R. Discussion Papers.
2. Dominique Demougin & Carsten Helm, 2006. "Moral Hazard and Bargaining Power," German Economic Review, Verein für Socialpolitik, vol. 7(4), pages 463-470, November.
   • Dominique Demougin & Carsten Helm, 2006. "Moral Hazard and Bargaining Power," German Economic Review, Verein für Socialpolitik, vol. 7, pages 463-470, November.
   • Demougin, Dominique & Helm, Carsten, 2006. "Moral Hazard and Bargaining Power," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 33630, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
3. Hoppe, Eva I. & Kusterer, David J., 2011. "Conflicting tasks and moral hazard: Theory and experimental evidence," European Economic Review, Elsevier, vol. 55(8), pages 1094-1108.
   • Eva I. Hoppe & David J. Kusterer, 2010. "Conflicting Tasks and Moral Hazard: Theory and Experimental Evidence," Cologne Graduate School Working Paper Series 01-04, Cologne Graduate School in Management, Economics and Social Sciences.
4. Helm, Carsten, 2008. "How liable should an exporter be?: The case of trade in hazardous goods," International Review of Law and Economics, Elsevier, vol. 28(4), pages 263-271, December.
   • Helm, Carsten, 2005. "How Liable should an Exporter be? The Case of Trade in Hazardous Goods," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 36799, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
   • Helm, Carsten, 2009. "How Liable should an Exporter be? The Case of Trade in Hazardous Goods," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 77444, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
   • Helm, Carsten, 2008. "How Liable Should an Exporter Be? The Case of Trade in Hazardous Goods," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 32821, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
   • Helm, Carsten, 2005. "How liable should an exporter be? The case of trade in hazardous goods," Darmstadt Discussion Papers in Economics 153, Darmstadt University of Technology, Department of Law and Economics.
5. Sonia Di Giannatale Menegalli & Itza T. Q. Curiel-Cabral, 2013. "Compromises and Incentives," Working papers DTE 559, CIDE, División de Economía.
6. Nieken, Petra & Schmitz, Patrick W., 2012. "Repeated moral hazard and contracts with memory: A laboratory experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 1000-1008.
   • Schmitz, Patrick W. & Nieken, Petra, 2011. "Repeated moral hazard and contracts with memory: A laboratory experiment," CEPR Discussion Papers 8241, C.E.P.R. Discussion Papers.
   • Nieken, Petra & Schmitz, Patrick W., 2012. "Repeated moral hazard and contracts with memory: A laboratory experiment," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 372, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
7. Patrick W. Schmitz, 2005. "Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions," RAND Journal of Economics, The RAND Corporation, vol. 36(2), pages 318-336, Summer.
   • Schmitz, Patrick W., 2005. "Allocating control in agency problems with limited liability and sequential hidden actions," Bonn Econ Discussion Papers 27/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
   • Schmitz, Patrick W., 2005. "Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions," CEPR Discussion Papers 5145, C.E.P.R. Discussion Papers.
8. Patrick W Schmitz, 2022. "How (Not) to Purchase Novel Goods and Services: Specific Performance Versus at-will Contracts," The Economic Journal, Royal Economic Society, vol. 132(647), pages 2563-2577.
   • Schmitz, Patrick W., 2022. "How (Not) to Purchase Novel Goods and Services: Specific Performance Versus At-Will Contracts," MPRA Paper 112839, University Library of Munich, Germany.
   • Schmitz, Patrick W., 2022. "How (Not) to Purchase Novel Goods and Services: Specific Performance Versus At-Will Contracts," CEPR Discussion Papers 17109, C.E.P.R. Discussion Papers.
9. Demougin, Dominique & Helm, Carsten, 2011. "Job matching when employment contracts suffer from moral hazard," European Economic Review, Elsevier, vol. 55(7), pages 964-979.
10. repec:dar:wpaper:35490 is not listed on IDEAS
11. Eva I. Hoppe & Patrick W. Schmitz, 2021. "How (Not) to Foster Innovations in Public Infrastructure Projects," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(1), pages 238-266, January.
    • Schmitz, Patrick W. & ,, 2018. "How (Not) to Foster Innovations in Public Infrastructure Projects," CEPR Discussion Papers 13406, C.E.P.R. Discussion Papers.
    • Hoppe, Eva I. & Schmitz, Patrick W., 2019. "How (Not) to Foster Innovations in Public Infrastructure Projects," MPRA Paper 95615, University Library of Munich, Germany.
12. Susanne Ohlendorf & Patrick W. Schmitz, 2012. "Repeated Moral Hazard And Contracts With Memory: The Case Of Risk‐Neutrality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages 433-452, May.
    • Ohlendorf, Susanne & Schmitz, Patrick W., 2011. "Repeated moral hazard and contracts with memory: The case of risk-neutrality," MPRA Paper 28823, University Library of Munich, Germany.
13. Dominique Demougin & Carsten Helm, 2006. "Moral Hazard and Bargaining Power," German Economic Review, Verein für Socialpolitik, vol. 7(4), pages 463-470, November.
    • Demougin Dominique & Helm Carsten, 2006. "Moral Hazard and Bargaining Power," German Economic Review, De Gruyter, vol. 7(4), pages 463-470, December.
    • Demougin, Dominique & Helm, Carsten, 2006. "Moral Hazard and Bargaining Power," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 33630, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
14. Kräkel, Matthias, 2004. "Tournaments versus Piece Rates under Limited Liability," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 15, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    • Kräkel, Matthias, 2004. "Tournaments versus Piece Rates under Limited Liability," Bonn Econ Discussion Papers 8/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
15. Thiele, Veikko, 2007. "Performance measurement in multi-task agencies," Research in Economics, Elsevier, vol. 61(3), pages 148-163, September.
    • Thiele, Veikko, 2007. "Performance Measurement in Multi-Task Agencies," MPRA Paper 2469, University Library of Munich, Germany.
16. Schmitz, Patrick W., 2020. "Moral hazard and the property rights approach to the theory of the firm," Economics Letters, Elsevier, vol. 186(C).
    • Schmitz, Patrick W., 2019. "Moral Hazard and the Property Rights Approach to the Theory of the Firm," CEPR Discussion Papers 13841, C.E.P.R. Discussion Papers.
    • Schmitz, Patrick W., 2020. "Moral Hazard and the Property Rights Approach to the Theory of the Firm," MPRA Paper 97912, University Library of Munich, Germany.
17. Gick, Wolfgang, 2015. "A Theory of Delegated Contracting," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113069, Verein für Socialpolitik / German Economic Association.
    • Gick, Wolfgang, 2016. "A Theory of Delegated Contracting," Working Paper Series 1136, Research Institute of Industrial Economics.
18. Schmitz, Patrick W., 2005. "Workplace surveillance, privacy protection, and efficiency wages," Labour Economics, Elsevier, vol. 12(6), pages 727-738, December.
    • Schmitz, Patrick W., 2005. "Workplace surveillance, privacy protection, and efficiency wages," Bonn Econ Discussion Papers 25/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
19. Müller, Daniel & Schmitz, Patrick W., 2021. "The right to quit work: An efficiency rationale for restricting the freedom of contract," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 653-669.
    • Schmitz, Patrick W. & Müller, Daniel, 2020. "The Right to Quit Work: An Efficiency Rationale for Restricting the Freedom of Contract," CEPR Discussion Papers 15567, C.E.P.R. Discussion Papers.
    • Müller, Daniel & Schmitz, Patrick W., 2021. "The Right to Quit Work: An Efficiency Rationale for Restricting the Freedom of Contract," MPRA Paper 106427, University Library of Munich, Germany.
20. Cécile Bastidon & Philippe Gilles, 2000. "When the international lender of last resort faces a " too big to fail " sovereign borrower : the " jeu de faux semblants "," Post-Print hal-00731546, HAL.
21. Schmitz, Patrick W., 2013. "Job design with conflicting tasks reconsidered," European Economic Review, Elsevier, vol. 57(C), pages 108-117.
    • Schmitz, Patrick W., 2012. "Job design with conflicting tasks reconsidered," MPRA Paper 36914, University Library of Munich, Germany.
22. Sanxi Li & Hailin Sun & Jianye Yan & Xundong Yin, 2015. "Risk aversion in the Nash bargaining problem with uncertainty," Journal of Economics, Springer, vol. 115(3), pages 257-274, July.
23. Demougin, Dominique M. & Helm, Carsten, 2008. "Incentive contracts and efficient unemployment benefits," Darmstadt Discussion Papers in Economics 191, Darmstadt University of Technology, Department of Law and Economics.
    • Demougin, Dominique & Helm, Carsten, 2009. "Incentive Contracts and Efficient Unemployment Benefits," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 77456, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Dominique Demougin & Carsten Helm, 2009. "Incentive Contracts and Efficient Unemployment Benefits," CESifo Working Paper Series 2670, CESifo.
24. Schmitz, Patrick W., 2012. "The hold-up problem, innovations, and limited liability," Economics Letters, Elsevier, vol. 117(3), pages 841-843.
    • Schmitz, Patrick W., 2012. "The hold-up problem, innovations, and limited liability," MPRA Paper 43407, University Library of Munich, Germany.
    • Schmitz, Patrick W., 2012. "The hold-up problem, innovations, and limited liability," CEPR Discussion Papers 9050, C.E.P.R. Discussion Papers.
25. Bruno Deffains & Dominique Demougin, 2023. "Capitation taxes and the regulation of professional services," European Journal of Law and Economics, Springer, vol. 55(2), pages 167-193, April.
26. Li Sanxi & Yao Dongmin & Xiao Hao, 2013. "Contract Bargaining with a Risk-Averse Agent," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 13(1), pages 285-301, November.
27. Schmitz, Patrick W., 2023. "Incentivizing research with (un)conditional teaching duties: Punishment or rent extraction?," Economics Letters, Elsevier, vol. 224(C).
    • Schmitz, Patrick W., 2023. "Incentivizing Research with (Un)conditional Teaching Duties: Punishment or Rent Extraction?," MPRA Paper 116220, University Library of Munich, Germany.
    • Schmitz, Patrick W., 2023. "Incentivizing Research with (Un)conditional Teaching Duties: Punishment or Rent Extraction?," CEPR Discussion Papers 17885, C.E.P.R. Discussion Papers.
28. Kerstin Puschke, 2007. "The Allocation of Authority in a Joint Project under Limited Liability," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(3), pages 394-410, September.
29. Schmitz, Patrick W. & Ohlendorf, Susanne, 2008. "Repeated Moral Hazard, Limited Liability, and Renegotiation," CEPR Discussion Papers 6725, C.E.P.R. Discussion Papers.
30. Itza Tlaloc Quetzalcoatl Curiel-Cabral & Sonia Giannatale & Giselle Labrador-Badía, 2024. "Risk Aversion, Reservation Utility and Bargaining Power: An Evolutionary Algorithm Approximation of Incentive Contracts," Computational Economics, Springer;Society for Computational Economics, vol. 63(2), pages 477-511, February.
31. Hilmer, Michael, 2013. "Fiscal treatment of managerial compensation - a welfare analysis," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79703, Verein für Socialpolitik / German Economic Association.
32. Schmitz, Patrick W., 2010. "Should a principal hire one agent or two agents to perform two sequential tasks?," CEPR Discussion Papers 7976, C.E.P.R. Discussion Papers.
33. Yanbin Chen & Pu Chen & Yumei Guo & Sanxi Li & Dongmin Yao, 2019. "Bargaining to Design Contracts under Moral Hazard," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 175(4), pages 714-735.
34. Benjamin Bental & Bruno Deffains & Dominique Demougin, 2020. "Interpreting contracts: the purposive approach and non-comprehensive incentive contracts," European Journal of Law and Economics, Springer, vol. 50(2), pages 241-265, October.