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Published in 2020 at "Economics Letters"
DOI: 10.1016/j.econlet.2020.109108
Abstract: Abstract We study a dynamic agency problem in which a principal and an agent interact on a project repeatedly with the agent’s ability initially unknown to both players. Because an incompetent agent generates successes less…
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Keywords:
relationship termination;
agent ability;
relationship;
learning belief ... See more keywords