Moral hazard and capital structure dynamics
We base a contracting theory for a startup firm on an agency model with observable but nonverifiable effort, and renegotiable contracts. Two essential restrictions on simple …
mathias-dewatripont
We base a contracting theory for a startup firm on an agency model with observable but nonverifiable effort, and renegotiable contracts. Two essential restrictions on simple …
The book collects the presentations and discussions made at the conference celebrating the 25th anniversary of the publication of “Grossman and Hart (1986).1 The conference brought …
This paper develops a unifying framework to understand competition issues in networkindustries. It focuses on the telecom(munication) industry and takes two specific effectsof this …