The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
Long-Term Contracts and Moral Hazard
Abstract
This article extends the economic theory of agency to a simple class of multiperiod situations. In this context we study the role of long-term contracts in controlling moral hazard problems. We characterize the optimal long-term contract, and show that even when the "environment" is separable over time, the agent's compensation in one period will depend on his performance in that period and his performance in the prior periods.
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Citations
Cites
Agency Problems and the Theory of the Firm
Fama, E. F. (1980) · Journal of Political Economy · doi:10.1086/260866 · Cited by 10,466
Moral Hazard and Observability
Holmstrom, B. (1979) · The Bell Journal of Economics · doi:10.2307/3003320 · Cited by 8,311
The Economic Theory of Agency: The Principal's Problem.
Ross, S. A. (1973) · American Economic Review · Cited by 4,269
Good News and Bad News: Representation Theorems and Applications
Milgrom, P. R. (1981) · The Bell Journal of Economics · doi:10.2307/3003562 · Cited by 3,123
An Analysis of the Principal-Agent Problem
Grossman, S. J., & Hart, O. D. (1992) · Huebner International Series on Risk, Insurance and Economic Security · doi:10.1007/978-94-015-7957-5_16 · Cited by 1,913
Risk Sharing and Incentives in the Principal and Agent Relationship
Shavell, S. (1979) · The Bell Journal of Economics · doi:10.2307/3003319 · Cited by 1,285
Optimal incentive contracts with imperfect information
Harris, M., & Raviv, A. (1979) · Journal of Economic Theory · doi:10.1016/0022-0531(79)90073-5 · Cited by 942
The Optimal Structure of Incentives and Authority within an Organization
Mirrlees, J. A. (1976) · The Bell Journal of Economics · doi:10.2307/3003192 · Cited by 870
Harris, M., & Holmstrom, B. (1982) · The Review of Economic Studies · doi:10.2307/2297359 · Cited by 812
Monitoring Cooperative Agreements in a Repeated Principal-Agent Relationship
Radner, R. (1981) · Econometrica · doi:10.2307/1912747 · Cited by 405
Cited by
Agency Theory: An Assessment and Review
Eisenhardt, K. M. (1989) · The Academy of Management Review · doi:10.5465/amr.1989.4279003 · Cited by 13,338
Jarillo, J. C. (1988) · Strategic Management Journal · doi:10.1002/smj.4250090104 · Cited by 2,555
THE ROLE OF FAMILY TIES IN AGENCY CONTRACTS.
Gomez-Mejia, L. R., Nunez-Nickel, M., & Gutierrez, I. (2001) · Academy of Management Journal · doi:10.2307/3069338 · Cited by 1,305
Contracting theory and accounting
Lambert, R. A. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00037-4 · Cited by 1,050
Self-citationLambert, R. A., & Larcker, D. F. (1987) · Journal of Accounting Research · doi:10.2307/2491081 · Cited by 1,046
Self-citation
Metadata
- Authors
- Lambert, R. A.
- Venue
- The Bell Journal of Economics
- Publisher
- JSTOR
- Published
- 1983
- Volume
- 14
- Issue
- 2
- Pages
- 441
- ISSN
- 0361-915X (ISSN-L)
- OpenAlex
- W1491272445
- Cited by
- 321
- References
- 12
- FWCI
- 8.86
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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